Traders evaluate the latest Fed minutes while the U.S. 10-year Treasury yield remains unchanged.

The Federal Reserve's latest meeting minutes indicated no interest rate cut, resulting in little change in U.S. Treasury yields on Tuesday.

The yield on the marginally fell to 4.412%, while the yield was down by 3 basis points to 4.881%.

An inverse relationship exists between yields and prices, with one basis point equivalent to 0.01%.

The bond market remained unchanged on Tuesday following the central bank's latest meeting, where interest rates were left unchanged. The minutes revealed that the Fed did not indicate any potential rate cuts.

The minutes indicated that the stance of monetary policy should remain sufficiently restrictive to achieve the Committee's 2 percent inflation target over time.

After the meeting, markets have mostly eliminated any anticipation of additional rate increases due to various economic indicators, such as the October consumer price index, indicating a decrease in inflation.

According to CME Group's FedWatch tool, markets have a more than 99% chance that the Fed will leave interest rates unchanged for the third consecutive meeting in December.

The volume of questions regarding when the Fed may reduce interest rates and the likelihood of a recession in the U.S. economy has increased among investors. Many are hoping that the minutes will provide insight into the anticipated course of action.

The National Association of Realtors reported that October's existing home sales data was 3.79 million units, lower than the estimated 3.9 million units, resulting in the slowest sales pace since August 2010.