Long-term U.S. Treasury bonds rebounded in New York on the 17th as falling crude prices reduced inflation concerns and encouraged investors to buy debt. The benchmark 10-year Treasury yield fell 0.09 percentage point to 4.93%, based on a note carrying a 4.625% coupon, while the 30-year yield declined 0.047 percentage point to 5.301%. Both yields reversed the increases recorded the previous day after the Federal Reserve raised interest rates by 0.25 percentage point. North Sea Brent crude futures dropped 2.6% to $103 a barrel, helping lower inflation expectations that are reflected in bond yields. Expectations that the Federal Reserve will remain focused on controlling inflation, along with reduced expectations for additional rate increases, also supported bonds. The probability of an unchanged policy rate through year-end rose to 13.1% from 11.7% the previous day, according to the CME FedWatch Tool. Equities also benefited from lower yields, with the S&P 500 trading 0.92% higher. Analysts said the decline in bond yields improved the relative appeal of stocks by reducing the return investors forgo when choosing bonds, and some expected equity inflows to continue.