The 10-year Treasury yield hit 4.92%, its highest since 2023, as oil above $100 and rising producer prices push Fed rate-hike odds to 75%. Economists warn the bond market may force the Fed's hand, risking a credibility crisis.
Bond Market Tests Fed as Inflation Pressures Mount
The 10-year Treasury yield hit 4.92%, its highest since 2023, as oil above $100 and rising producer prices push Fed rate-hike odds to 75%. Economists warn the bond market may force the Fed's hand, risking a credibility crisis.
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