Treasury yields fall ahead of Kevin Warsh's first Fed meeting

U.S. President Donald Trump shares hands with Kevin Warsh (L) as they arrive to Warsh's swearing-in ceremony to be the new Chairman of the Federal Reserve in the East Room of the White House on May 22, 2026 in Washington, DC. Anna Moneymaker | Getty Images U.S. Treasury yields fell on Tuesday as investors look ahead to the Federal Reserve's two-day policy meeting, and expectations for inflation and interest rate hikes continue to ease. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over 2 basis points to 4.449%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was over 1 basis point lower at 4.047%. The longer-dated 30-year Treasury bond yield fell over 1 basis point to 4.957%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. Treasury yields have fallen back after a provisional peace agreement between Washington and Tehran was announced on Sunday, opening a path to extend the U.S.-Iran ceasefire for 60 days and reopen the Strait of Hormuz to all shipping. Arriving at the G7 meeting, President Donald Trump said the peace framework with Iran has been signed, adding that the Strait of Hormuz will "completely reopen" on Friday, free of Iranian tolls. Trump said a formal signing ceremony would take place on Friday in Geneva. …