WTI Crude Oil futures rallied 8% as 10-Year yields hit 4.60%.
Todd Colvin discusses the recent upward movement in 10-Year note yields, which climbed above 4.60% for the first time since late May. This shift follows an 8% weekend rally in WTI Crude Oil futures amid escalating tensions between the U.S. and Iran, driving inflation expectations higher. Colvin also highlights recent comments from Fed Governor Waller indicating a potential rate hike if upcoming CPI data comes in hotter than expected. Additionally, he previews the market's focus on the upcoming ADP employment change and CPI reports, as well as Fed Chair Warsh's first day of semiannual testimony before the House Finance Committee, where Warsh aims to pivot away from traditional forward guidance.
Todd Colvin discusses the recent upward movement in 10-Year note yields, which climbed above 4.60% for the first time since late May.
This shift follows an 8% weekend rally in WTI Crude Oil futures amid escalating tensions between the U.S. and Iran, driving inflation expectations higher.
Colvin also highlights recent comments from Fed Governor Waller indicating a potential rate hike if upcoming CPI data comes in hotter than expected.
Additionally, he previews the market's focus on the upcoming ADP employment change and CPI reports, as well as Fed Chair Warsh's first day of semiannual testimony before the House Finance Committee, where Warsh aims to pivot away from traditional forward guidance.