Fed Ambiguity Pushes Bond Yields Higher, Framing a Turbulent Rate Outlook

Bond traders say the risk of a deeper Treasury rout is rising as Fed Chair Warsh offers little guidance on how policy will evolve, prompting a steepening yield curve as longer-dated yields climb toward multi-year highs amid inflation concerns, geopolitical tensions, and looming Treasury auctions; options bets point to further moves in 10- and 30-year rates, while debate over reducing Fed meetings could heighten market volatility ahead of key data and elections.