As the Fed meeting week begins, US Treasury yields fall.

At the beginning of this week, US Treasury yields fell, with traders weighing the direction of the Iran conflict and anticipating the Federal Reserve's interest rate decision for March to be announced on Wednesday. The market generally expects the Fed to decide to keep rates unchanged. However, BMO's Ian Lyngen said that the Fed's forward-looking dot plot is a "variable" that could provide new signals on how Fed officials balance their views on the weak labor market and inflation risks related to the Middle East. However, traders are really focused on the war. He wrote, "The next 15 basis points in the 10-year Treasury yield will depend on the situation in Iran." The benchmark 10-year Treasury yield is around 4.235%, down from 4.284% on Friday. The 2-year Treasury yield has fallen from 3.732% on Friday to 3.69%.