Treasury yields little changed as investors await Fed decision

treasury yields barely budged on wednesday as markets sat still ahead of powell's likely final fed meeting. the 10-year note held at 4.358%, the 2-year at 3.848%, and the 30-year at 4.946%. the fed's two-day meeting wraps wednesday, with rates expected to stay at 3.50% to 3.75%. former fed vice chair roger ferguson said on the dual mandate, the labor market looks stable, but inflation at a sticky 3% means the fed should sit tight. meanwhile, kevin warsh looks set to take over as chair. senator tillis said he'll drop his blockade after doj dropped its criminal investigation into powell. the senate banking committee votes on warsh's confirmation wednesday, and full senate approval is all but assured.