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Warsh Rocks Bond Market in Debut, Sparks Surge in Rate-Hike Bets

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.
Kevin Warsh (PERSON) Treasuries (ORG) Warsh (PERSON) Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →