Long-Dated Yields Climb as Markets Question Fed’s Inflation Credibility
TL;DR Summary
Long-dated U.S. Treasuries rose after the Fed held rates, with the 10-year near 4.66% and the 30-year around 5.21% (the highest since 2007), as investors flagged an inflation credibility shock at the Fed. Bank of America economists said the moves reflect concern about inflation and suggested the Fed could still raise rates by 25 basis points at upcoming meetings, even as Fed Chair Warsh signaled no forward guidance.
- Treasury yields continue to rise as Wall Street calls out Fed's 'inflation credibility shock' Yahoo Finance
- The bond market to Kevin Warsh: What are you doing about inflation? CNN
- Wall Street reacts brutally to Fed chair Warsh’s interest rate hold: ‘the bond market puked on him’ Fortune
- 30-year yield hovers near 2007 high as traders weigh Fed decision to holds rates steady CNBC
- Bond Yields at 19-Year High Send Warsh Credibility Warning bloomberg.com
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