Warsh Hold Triggers Unusual Bear Steepener in Treasuries
TL;DR Summary
Following the Fed’s decision to hold rates, Warsh’s press conference spooked markets and sparked an unusual bear steepener in Treasuries: the two‑year yield fell as rate–hike odds declined, while the 30‑year yield surged to about 5.2%, the highest since 2007, signaling investor concerns about Warsh’s ability to rein in inflation and a growing credibility premium.
- Chart of the Week: Warsh spooks long bonds Financial Times
- Bond Selloff Picks Up New Momentum wsj.com
- US Treasury yield curve 'twist' reflects view Fed may not hike again Reuters
- Bond Investors’ Inflation Angst Rises on Fed’s Lack of Guidance The New York Times
- Bond vigilantes are doing the Fed’s dirty work: Chart of the Day Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
3
Time Saved
3 min
vs 4 min read
Condensed
93%
738 → 55 words
Want the full story? Read the original article
Read on Financial Times