WS #13129
Fed's 9-3 vote (three dissents favoring a hike) and Warsh's hawkish '2% target' comments have boosted September hike odds to ~57%, pushing 10Y yields to 4.74% (highest since Jan 2025) and 30Y to 5.21% (highest since 2007), pressuring gold (-1.7%) and long-duration assets.
Hawkish Fed and rising yields
Fed's 9-3 vote (three dissents favoring a hike) and Warsh's hawkish '2% target' comments have boosted September hike odds to ~57%, pushing 10Y yields to 4.74% (highest since Jan 2025) and 30Y to 5.21% (highest since 2007), pressuring gold (-1.7%) and long-duration assets.