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    • Fed Unlikely to Ignore Rising 10-Year Treasury Yields, Says Siebert CIO
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    Fed Unlikely to Ignore Rising 10-Year Treasury Yields, Says Siebert CIO

    Umito Posted on

    The central bank’s interest rate-setting committee will have a hard time ignoring the sharp rise in the 10-year Treasury yield since the Federal Reserve’s interest rate cut, according to Mark Malek, chief investment officer at Siebert. in September.

    As the Fed turned to rate cuts in September to “attempt to take the brakes off” the U.S. economy, Malek said financial conditions tightened based on borrowing rates long-term bonds used to finance the economy – with the 10-year reference rate. rate at 4.36% Friday, its highest since July.

    After the jobs report was released, traders turned their sights toward a neck-and-neck election, Malek said in a telephone interview. He said the recent extreme volatility in rates may be linked to election jitters and deficit concerns, but bond traders have also been “wearing their emotions on their sleeves.”

    Umito
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