30-Year Treasury Yields Breach 5.11% as Waller Puts Rate Hikes Back on the Table
30-year Treasury yields have cracked 5.11% as Fed Governor Waller warned markets that rate hikes can no longer be ruled out if Iran War-driven inflation fails to abate. An 8-4 FOMC hold vote in April revealed deep internal division, while consumer sentiment collapsed to 49.8. Bond traders face mounting duration risk and equity multiples face compression as markets reprice the terminal rate higher.
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