Treasury yields are little changed as investors anticipate Fed's rate decision

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U.S. Treasury yields were little changed on Wednesday as investors awaited the Federal Reserve’s rate policy decision and more insight on the economic impact of President Donald Trump’s tariffs and escalating tensions in the Middle East.

The benchmark 10-year Treasury note fell more than 1 basis point to 4.375%. The 2-year Treasury yield also slipped less than 1 basis point to 3.941%.

One basis point is equivalent to 0.01%, and yields and prices move in opposite directions.

The Fed’s interest rate decision will be announced at 2 p.m. ET. Traders are pricing in a 99.9% chance that the central bank will hold interest rates steady, according to the CME FedWatch Tool. Federal Open Market Committee members forecast only two rate cuts this year.

Treasury yields are little changed as investors anticipate Fed's rate decision

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