Fed Officials Back Rate Hikes, 10-Year Treasury Yield Hits 4.737% Intraday High
Fed officials Logan and Hammock reaffirm support for a 25bps hike, driving 10-year US Treasury yields to 4.737%, the highest since January 2025, amid intensified bond selling pressure.
Woofun AI reports that Federal Reserve officials Logan and Hammock maintained their stance in favor of a 25-basis-point interest rate increase. This position reinforced market expectations for imminent monetary tightening, triggering broad-based rises in US Treasury yields and accelerating sell-offs across the bond market.
The yield on the 10-year US Treasury note climbed to 4.737%, marking its highest intraday level since January 2025. As investors adjusted positions to reflect persistent or rising interest rate scenarios, US bond prices faced continued downward pressure.
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