Business & Finance
Warsh Rocks Bond Market in Debut, Sparks Surge in Rate-Hike Bets
Key Points
Warsh Rocks Bond Market in Debut, Sparks Surge in Rate-Hike Bets It didn’t take Kevin Warsh long to get the bond market’s attention. Traders dumped short-term Treasuries, pushing some yields up by the most in over a year, and futures traders piled into bets on rate hikes as soon as next month, after Warsh forcefully drove home one point in his debut press conference as Federal Reserve chairman: the central bank won’t tolerate high inflation.
Warsh Rocks Bond Market in Debut, Sparks Surge in Rate-Hike Bets
It didn’t take Kevin Warsh long to get the bond market’s attention.
Traders dumped short-term Treasuries, pushing some yields up by the most in over a year, and futures traders piled into bets on rate hikes as soon as next month, after Warsh forcefully drove home one point in his debut press conference as Federal Reserve chairman: the central bank won’t tolerate high inflation.