31.03.202603:27:22UTC+00US 10Y Yield Falls for Second Session

The yield on the US 10-year Treasury note fell to around 4.32% on Tuesday, declining for a second straight session following dovish remarks from Federal Reserve Chair Jerome Powell. He indicated that long-term US inflation expectations remain well-anchored despite heightened uncertainties stemming from the conflict in the Middle East, and noted that the Fed’s current policy stance gives officials room to evaluate the economic impact of the Iran war. Powell also stressed that the central bank generally looks through temporary supply shocks. Investors are now awaiting the March consumer confidence index and February JOLTS job openings data, both due later today, for additional policy cues. Treasury yields came under further downward pressure amid mounting concerns over the potential economic fallout from the Iran war, which are currently outweighing inflation fears linked to surging oil prices.