Real Yields Push Long-Term Rates Higher, Even as Inflation Signals Fade
TL;DR
Long-term U.S. Treasury yields jumped about 0.1 percentage point after Warsh’s Jackson Hole remarks, but inflation expectations have barely moved; the move is driven by higher real yields tied to growth, Fed policy expectations, and heavy government borrowing, with the 30-year yield pressing toward 5.27% and posing a fresh headwind for equities even as earnings stay strong.
Topics:businessfinance#finance#inflation-expectations#jackson-hole#long-term-yields#real-yields#treasury-yields
- Fed Chairman Kevin Warsh warned about inflation — but that's not why long-term rates are surging: Chart of the Day Yahoo Finance
- Bond Investors Wary After Warsh Fans Wager Fed Poised to Hike Bloomberg.com
- Markets see Warsh endorsing a rate hike in September. Not everyone is convinced CNBC
- Warsh, After Talking Tough on Inflation, Faces a ‘No-Win Situation’ on Rates The New York Times
- Warsh Makes the Case for Higher Rates and Raises the Bar for Standing Pat WSJ
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