Treasury Yields Turn Mixed as Kevin Warsh Takes Fed Helm, With 10-Year at 4.558%
Updated
Updated · CNBC · May 22
Treasury Yields Turn Mixed as Kevin Warsh Takes Fed Helm, With 10-Year at 4.558%
14 articles · Updated · CNBC · May 22
The 10-year Treasury yield fell more than 2 basis points to 4.558% on Friday, while the 2-year rose above 4.123%, as Kevin Warsh was sworn in as Federal Reserve chair.
That split followed a volatile week driven by renewed inflation worries and scrutiny over whether Warsh will resist Donald Trump's push for deeper rate cuts despite price risks.
The 30-year bond yield dropped more than 4 basis points to 5.064% after briefly topping 5.19% earlier this week, its highest level since 2007.
Broader market nerves were also shaped by U.S.-Iran talks: Washington cited progress toward ending the war, but warned any Iranian move to impose Strait of Hormuz shipping tolls would be unacceptable.
Can the new Fed's inflation fight survive another oil shock from the volatile Strait of Hormuz?
With inspectors blocked for a year, how can the U.S. truly verify any new Iranian nuclear deal?