U.S. Treasury yields broke a three-day run of declines on Wednesday, as crude oil prices jumped following a renewed flare-up in the Iran conflict, ahead of the Federal Reserve's interest rate decision later on.
Investors broadly expect the Fed to hold its main lending rate steady, though there is some scepticism. Money markets show traders still see a near 32% chance of a 25-basis-point rate hike, according to the CME FedWatch Tool.
