Bond Traders Await CPI and Warsh for Clues on Rates Near 24-Year Yield Highs
Updated
Updated · Bloomberg · Oct 13
Bond Traders Await CPI and Warsh for Clues on Rates Near 24-Year Yield Highs
3 articles · Updated · Bloomberg · Oct 13
Summary
Treasury traders are focusing on the next consumer-price inflation report and a planned appearance by Fed Chair Kevin Warsh to gauge how fast the central bank may keep raising rates.
Yields were little changed last week after surging following the Fed’s unanimous rate increase last month, leaving Treasuries hovering around a 24-year high.
That pause in yields reflects a market waiting for fresh evidence on inflation and policy signals before resetting expectations for the next phase of Fed tightening.