Weekly Commentary: Warsh's Regime Change

Two-year Treasury yields surged 13 bps in Wednesday trading after Kevin Warsh's post-meeting press conference, marking the largest one-day jump since April 9, 2025. The move suggests a hawkish read on the Fed commentary and a meaningful shift in rate expectations, though the article provides no broader policy decision details.

Analysis

Two-year Treasury yields surged 13 bps in Wednesday trading after Kevin Warsh's post-meeting press conference, marking the largest one-day jump since April 9, 2025. The move suggests a hawkish read on the Fed commentary and a meaningful shift in rate expectations, though the article provides no broader policy decision details.