Treasury Yields Rise on Hawkish New Fed -- Market Talk

Dow Jones06-18 03:58

1557 ET - Treasurys sell off, sending yields higher, as the Fed surprises markets with a hawkish turn. In the first meeting under Chairman Warsh, rates are unchanged as expected, but a hike is penciled in for this year. Warsh pledges to drive inflation down to target. May retail sales grow faster than expected, while crude inventories decline sharply. Oil futures are little changed, below $80. The WSJ Dollar Index rises 0.7%. Weekly jobless claims are expected to edge lower to 225,000 from 229,000 in a WSJ poll. The 10-year adds 0.036 percentage point to 4.462%. The two-year, which is more influenced by Fed moves, rises 0.114 p.p. to 4.160%, highest since February. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

June 17, 2026 15:58 ET (19:58 GMT)

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