The yield on the 10-year US Treasury note eased toward 4.7% on Wednesday after a recent surge, as investors awaited minutes from the Federal Reserve's July meeting, where policymakers left rates unchanged but three officials dissented in favor of a hike. The pullback followed a broader bond selloff that earlier sent the 30-year Treasury yield to a 19-year high, as heavy sovereign and corporate debt supply, estimates that AI-related companies could issue as much as $1.5 trillion this year, persistent inflation concerns and widening fiscal deficits in the US and other G10 economies prompted investors to demand higher term premiums. The same repricing had also pushed UK 10-year gilt yields above 5.0%, their highest since July 23, though softer labour-market data in Britain reinforced expectations that the Bank of England may keep policy unchanged for the rest of the year.