FX/BondsIMPORTANT
MARKET UPDATE: Treasury curve steepens post-Warsh with 30-year yield rising above 5.20%, highest since 2007 while 2-year yields fall further
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Fed Chair Warsh's remarks led to a 30-year yield surge above 5.20%, causing the curve to steepen and pressuring equities as long-term borrowing costs reached 19-year highs.
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The upside in yields also heavily pressured equities from earlier peaks.
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