US Treasury yields eased after the Federal Reserve announced it will hold interest rates steady while maintaining its forecast for two cuts in 2025. Overall movement was choppy though as the Fed Chair Jerome Powell noted that the central bank is starting to see some of the effects of President Donald Trump’s tariffs on inflation, which he noted could be temporary or result in a longer-lasting impact. The US 10 year yield is consolidating around 4.40% mark today. Worries on geopolitical front continue to weigh on sentiments.