Bond Sell-Off Sends Treasury Yields to 24-Year Highs — SkimNews
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- U.S. Treasury yields surged to fresh 24-year highs driven by a global bond sell-off, per NBC News.
- Fed Governor Waller said more rate hikes are needed, with investors awaiting a 30-year Treasury auction to test demand, per CNBC.
Why it matters: Waller's call for additional hikes while yields already sit at 24-year highs puts the Fed in tension with market stress, and the upcoming 30-year auction will serve as a critical test of investor appetite for absorbing new supply at these elevated rates.
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