The Federal Reserve may fail to control the rise in long-term bond yields despite its first rate hike, according to a MarketWatch analysis based on historical trends. The 10-year US Treasury yield has reached levels not seen since 2007, around 5.01%, while the 30-year yield exceeds 5.3%. The market anticipates only a 12% probability that the Fed will maintain a pause in its rate decisions for June, July, and September. This configuration reflects a broader conviction that the Fed may continue adjusting rates in response to persistent inflationary pressures and elevated GDP growth.
Source: Read the original article
