🔥 **Powell throwing a bucket of cold water on the market!** With Treasuries rising and the long curve flirting with 5%, it is clear that the Fed does not intend to ease any time soon. Those who were still betting on aggressive cuts may have to recalibrate their expectations... 👀📊

Treasury yields are rising and approaching 5%

The yields on US Treasury bonds are rising, in response to statements by Federal Reserve (Fed) Chairman Jerome Powell at a Senate hearing.

The projected interest rate for the 10-year debt hit an intraday high of 4.547% and has recently slowed its advance. It is now trading at 4.535%. Meanwhile, the 30-year interest rate, a benchmark for the US mortgage market, rose 4.756%, close to the psychological mark of 5%.

The Fed Chairman said there is no rush to cut interest rates. After that, the market increased its bets on just one interest rate cut by December 2025, by 25 basis points. Today, the range is 4.25% to 4.50% per year.