0510 GMT - The 10-year U.S. Treasury yield has closely followed markets' softening expectations of Federal Reserve policy rates, says SEB's Jussi Hiljanen in a note. Further softening in Fed rate pricing could push the 10-year yield lower near term, albeit only slightly, the chief rates strategist says. "We think further softening in Fed pricing will keep the 10-year Treasury yield mostly within the 4.10% to 4.30% range over the coming months," he says. Money markets currently price in 10 basis points of Fed rate cut this year, according to LSEG. In Asian trade, the 10-year Treasury yield rises 1 basis point to 4.318%, according to Tradeweb. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

April 17, 2026 01:10 ET (05:10 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.