Bond investors, wary of Iran war, turn risk-averse ahead of Fed meeting.

Bond investors have shifted to a defensive stance since the ⁠Middle ⁠East war injected fresh risk into markets, with many ⁠loading up on short-term U.S. Treasuries ahead of the Federal Reserve’s monetary policy decision. On Wednesday, the Federal Open Market Committee is widely ​expected to keep its benchmark overnight interest rate in the 3.50%-3.75% range at the end of a two-day meeting, as policymakers assess how the Iran war may influence their dual mandate of price stability ‌and maximum...