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Treasury Yields pause at 4.073% as PCE Data and Iran Risk test Rate Outlook
U.S. Treasury yields steadied after Thursday’s advance, as investors recalibrated interest rate expectations following Federal Reserve minutes that signaled limited urgency to ease policy. The 10-year yield held at 4.073%, reflecting a market that has absorbed the message that rate cuts are not imminent. Policymakers indicated little appetite to lower borrowing costs, reinforcing the view that monetary policy will remain restrictive unless inflation data materially soften. [...]