The 10-year Treasury yield remains near 4.11% as Fed officials advise caution before making any rate cuts.

On Wednesday, U.S. Treasury yields remained unchanged as investors weighed new Federal Reserve comments indicating that the central bank would approach rate cuts with caution.

The yield on the added 2 basis points to 4.11%, while the yield edged up 2 basis points to 4.431%.

Prices and yields move in opposite directions, with one basis point equal to 0.1%.

New remarks from Fed speakers urged investors to exercise caution on rate cuts. Fed Governor Adriana Kugler stated that although inflation is decreasing, the job is not yet done. Meanwhile, Minneapolis Fed President Neel Kashkari predicted only two to three cuts.

The uncertainty about the future of monetary policy has caused investors to reevaluate the likelihood of interest rate cuts.

According to Fed Chair Jerome Powell, rate cuts may not occur until later than anticipated, and the central bank will proceed with caution. This implies that there may be fewer cuts than expected, causing worry about the impact of high rates on the economy and the possibility of a recession in the U.S.

Despite elevated rates, recent data and earnings results indicate ongoing resilience in the economy.

"Ken Mahoney of Mahoney Asset Management stated that we should start seeing a slight movement of the needle and look for anything that weakens, as this is what we should all be focusing on," said Ken Mahoney of Mahoney Asset Management.

The probability of a rate cut in March, as predicted by CME Group's FedWatch tool, has decreased from over 80% two weeks ago to 18.5% as of Monday.