30-year US Treasury yields spike to 5.23% after Warsh meeting

Long-end rates hit their highest level since 2007, signaling that markets are pricing in a hawkish stance from the new Fed chair despite earlier dovish expectations.

By Handelsavisen Newsroom · Automated 2026-07-31 07:06 UTC · 1 min read

US Treasury yields surged on Wednesday, with the 30-year benchmark jumping 14 basis points to 5.23% — its highest level since 2007.

The sharp move occurred moments after Federal Reserve Chair Kevin Warsh concluded his second public meeting, triggering a rapid repricing of long-duration assets.

This development comes as Warsh prepares to reiterate the central bank’s unwavering focus on returning inflation to its 2% target, according to recent reports.

The spike underscores a growing divergence between market expectations and the Fed’s current policy posture.

While investors had hoped for signals of easing or stability, the bond market’s reaction suggests traders are interpreting Warsh’s recent communications as a firm commitment to keeping rates higher for longer.

The move reflects a broader shift in sentiment, with the long end of the curve bearing the brunt of the repricing.

This development comes as Warsh prepares to reiterate the central bank’s unwavering focus on returning inflation to its 2% target, according to recent reports.