Business & Finance
US Treasuries Rebound After Warsh’s Debut at Fed Stoked Selloff
Key Points
US Treasuries Rebound After Warsh’s Debut at Fed Stoked Selloff US Treasuries recovered from a selloff after the new Federal Reserve Chairman Kevin Warsh positioned himself as a credible figure to fight inflation. Two-year Treasury yields steadied at around 4.19% Thursday, after hitting the highest in over a year Wednesday when traders ramped up bets on interest-rate hikes. Meanwhile 30-year US debt rallied in a sign the market believes inflation will be contained over the longer term, with...
US Treasuries Rebound After Warsh’s Debut at Fed Stoked Selloff
US Treasuries recovered from a selloff after the new Federal Reserve Chairman Kevin Warsh positioned himself as a credible figure to fight inflation.
Two-year Treasury yields steadied at around 4.19% Thursday, after hitting the highest in over a year Wednesday when traders ramped up bets on interest-rate hikes. Meanwhile 30-year US debt rallied in a sign the market believes inflation will be contained over the longer term, with yields declining five basis points to 4.88%.
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