10-year Treasury yield climbs back to 5% after Fed hikes rates, Warsh highlights inflation risks
The 10-year yield moved above the 5% mark after a Federal Reserve rate increase and comments from Chairman Kevin Warsh highlighting persistent inflation risks.
TL;DR
- The 10-year Treasury note yield exceeded 5% after a Federal Reserve rate hike.
- Fed Chairman Kevin Warsh highlighted persistent inflation risks.
- The Federal Reserve raised its overnight lending rate to a 3.75%-4% range, the first increase in three years.
- The rate hike aims to support the Fed's 2% inflation goal.
- Rising oil prices, linked to the U.S.-Iran conflict, have contributed to inflation concerns.
- Goldman Sachs Asset Management anticipates one more rate hike this year, contingent on inflation and energy prices.