
Fed hike bets surge as yields hit 19-year high

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The U.S. 30-year Treasury yield has reached a 19-year high as investors sell off bonds due to inflation concerns. Market expectations now indicate a 70% chance of interest rate hikes by December 2026, potentially increasing into 2027 with new Fed chair Kevin Warsh. Consumer sentiment has dropped to record lows, with long-run inflation expectations rising to 3.9%.

