WS #14688
US benchmark yields are surging, with the 10-year topping 5.15% and the 30-year reaching its highest level since 2004. This move is fueled by a combination of persistent inflation data and hawkish commentary from Federal Reserve officials, including Williams, who indicated another rate hike this year is reasonable. Market pricing now reflects expectations of four additional hikes by mid-2027. The surge in yields is acting as a direct headwind for risk assets, dragging down tech stocks and causing Bitcoin to slide below $83,000.
Treasury Yields and Hawkish Fed
US benchmark yields are surging, with the 10-year topping 5.15% and the 30-year reaching its highest level since 2004. This move is fueled by a combination of persistent inflation data and hawkish commentary from Federal Reserve officials, including Williams, who indicated another rate hike this year is reasonable. Market pricing now reflects expectations of four additional hikes by mid-2027. The surge in yields is acting as a direct headwind for risk assets, dragging down tech stocks and causing Bitcoin to slide below $83,000.