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US 30-year bond yield tops 5% as Kevin Warsh takes Fed helm and inflation rises
Long-term US borrowing costs climbed to levels not seen since before the global financial crisis after the Treasury auctioned $25bn (€21.3bn) in 30-year bonds at a high yield of 5.058% on Wednesday, according to the department's own data. The sale came only hours after the US Senate voted to confirm former Federal Reserve governor Kevin Warsh as the next chairman, succeeding Jerome Powell. The auction result immediately complicated the backdrop for Warsh's arrival at the central bank, underlining the pressure facing policymakers as inflation is rising. At the time of writing on Thursday, US 30-year bonds are ... (full story)
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From cnbc.com | May 14, 2026
Bond market investors believe the Federal Reserve needs to play catch up on inflation as its new leader takes over, according to Ed Yardeni, president of Yardeni Research. Wall Street expects the central bank’s Federal Open Market Committee to relinquish its bias toward easing rates at the policy meeting next month, Yardeni said. Bond traders are hoping ...
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