The yield on 10-year US Treasury bonds rose to a three-month high, with analysts saying the gains would be limited after the Fed's decision.

The yield on the 10-year U.S. Treasury note rose to 4.209%, its highest level since early September, as the market awaits the Federal Reserve's interest rate decision and economic forecasts. While the market widely expects the Fed to cut rates by 25 basis points, investors are concerned that the Fed may signal limited room for further rate cuts. TD Securities analysts predict the Fed will signal that further rate cuts will depend on economic data. However, the U.S. interest rate market has largely priced in this stance. Therefore, analysts point out that if yields rise further after the decision is announced, the magnitude may be limited, and a slight pullback is likely to occur soon. (Jinshi)