AXIOS (Matt Phillips) - Why Treasury yields are ripping higher
Data: FactSet; Chart: Axios/Matt Phillips Treasury yields are soaring, with the 30-year Treasury bond climbing to its highest level since 2004 Thursday. - The selloff in bonds started to accelerate Wednesday after a sizzling early report on the economy in September. The big picture: For the bond market, these moves have been big. Bigly even. - On Thursday morning, the 30-year yield rose as high as 5.44%. The yield on the 10-year Treasury note was 5.13%. - Wednesday's gain of roughly 0.15 percentage point in the 10-year Treasury yield was the biggest since April 2025, when President Trump's "Liberation Day" tariff announcement rocked markets. Flashback: Markets heads remember that it was ructions in the bond market — "They were…
Who is the current Federal Reserve chairman mentioned in the article?
The Federal Reserve chairman mentioned is Kevin Warsh.
Q&A ID e2aebc95-c42a-4bd1-b478-dd66769bc248
What specific policy is the Trump administration reportedly considering that may impact inflation?
The Trump administration is reportedly considering a U.S. diesel export ban, which creates uncertainty regarding overall inflation.
Q&A ID 3e93a5ce-7891-42da-8c29-03ff1736d70a
What did the September corporate purchasing manager surveys suggest about the U.S. economy?
The surveys suggested booming business in both the U.S. manufacturing and services industries; JPMorgan economists noted these were consistent with a 5% annual run rate for GDP growth. However, the surveys also indicated that the prices companies were paying were soaring, signaling more inflationary pressures.
Q&A ID 4fc0c86d-1d18-42d8-b617-2dc8e544abcf
What economic factors have been driving Treasury yields higher for several months?
Treasury yields have been moving higher for months due to a combination of stronger-than-expected economic activity and uncomfortably high inflation.
Q&A ID 88e3cda5-5888-4f20-8184-578f7bf0ecd1