--- title: "Gary Black Says a 'One-and-Done' Fed Hike Could Push Treasury Yields Lower and Be Better for Stocks" type: "News" locale: "en" url: "https://longbridge.com/en/news/299162880.md" description: "Gary Black argues that a single 25-basis-point Fed rate hike, framed as 'one-and-done,' could lower 10-year Treasury yields and support equities, avoiding the higher yields associated with prolonged hiking cycles. Conversely, Peter Schiff contends such a small increase is insufficient to address inflation, predicting continued bond sell-offs. Meanwhile, 10-year Treasury yields recently broke through 5%, and Brent crude prices have declined slightly." datetime: "2026-09-16T09:10:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299162880.md) - [en](https://longbridge.com/en/news/299162880.md) - [zh-HK](https://longbridge.com/zh-HK/news/299162880.md) generator: "portal-rs" --- # Gary Black Says a 'One-and-Done' Fed Hike Could Push Treasury Yields Lower and Be Better for Stocks **The Future Fund**‘s **Gary Black** said on Tuesday that a 25-basis-point Fed rate hike, if positioned as a "one-and-done" move, could push 10-year Treasury yields lower and prove more supportive for equities than a prolonged hiking cycle. ## **Driving Case for a Hike** In the post on X, the investor said a single hike now could prevent Fed Chair **Kevin Warsh** from being “forced into a series of rate hikes” later, a path he said “would likely push 10-year Treasury yields higher, hurting growth equities.” He added that Brent prices are likely to fall if President **Donald Trump** can negotiate an end to the war, which would also help Republicans in the midterms. At the time of writing, Brent crude was down 0.89% at $107.54, while WTI futures were down 1.65% at $104.08. U.S. annual inflation held at 3.4% in August, with gasoline rising 3.9% for the month and accounting for more than a third of the overall increase, according to the Bureau of Labor Statistics. “A short term rate hike tomorrow if positioned as potentially one-and-done could push 10-year treasury yields lower,” Black added. > I believe it’s better for equities if the Fed raises short-term rates by 25bp tomorrow (first Fed rate increase since July 2023) in response to elevated oil prices (brent crude +50% since end of Feb) than to get forced into a series of rate hikes. While brent prices are likely… > > — Gary Black (@garyblack00) September 15, 2026 ## **Not Everyone Agrees a Hike Would Help** Investor **Peter Schiff** has argued the opposite, telling Benzinga that “Treasury bonds will continue to sell off” regardless of what the Fed does, since a quarter-point hike is “too little, too late” to meaningfully address inflation. He’s said the Fed would need much larger increases, along with a shrinking money supply and balance sheet, to actually get ahead of the problem. **Read Also: Daniel Newman Praises Zuckerberg For 'Doing The Right Thing' With Muse AI Safety Despite Investor Pressure: 'Didn’t Feel The Need to Bring Bernie Sanders Into' This** ## **Yields Have Already Broken Through 5%** The 10-year Treasury yield rose above 5% Tuesday for the fifth straight session of gains, climbing as high as 5.04% before settling near 5.00%. The 30-year yield stood at 5.36% and the 20-year at 5.40%. A 25-basis-point rate hike would be the Fed’s first increase since July 2023, with the CME FedWatch tool putting the odds of a hike at 92.4%. Warsh is scheduled to speak at a press conference at 2:30 p.m. ET, half an hour after the Fed announces its interest rate decision. **Price Action:** The **iShares 7-10 Year Treasury Bond ETF** (NASDAQ:IEF) fell 0.05% to close at $90.82 on Tuesday and gained 0.08% in after-hours trading, while the **iShares 20+ Year Treasury Bond ETF** (NASDAQ:TLT) closed 0.27% lower at $80.71. **Benzinga edge rankings** indicate the iShares 7-10 Year Treasury Bond ETF has a Momentum score in the 25th percentile and a negative price trend across the short, medium, and long term. **See More: Top Momentum Stocks** ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors*. *Photo courtesy: Things on Shutterstock.com* ### Related Stocks - [META.US](https://longbridge.com/en/quote/META.US.md) - [IEF.US](https://longbridge.com/en/quote/IEF.US.md) - [TLT.US](https://longbridge.com/en/quote/TLT.US.md) ## Related News & Research - [Trafigura launches Volare tanker arm, plans Oslo listing](https://longbridge.com/en/news/299599998.md) - [Accsys Technologies Says Trading In First Five Months Of FY27 Has Started Slower Than Expected](https://longbridge.com/en/news/299600381.md) - [BONESUPPORT Submits Full Data Package for CERAMENT V De Novo to FDA](https://longbridge.com/en/news/299600005.md) - [REG - Mkango Resources Ltd - MKANGO RESOURCES LTD ANNOUNCES NAME CHANGE](https://longbridge.com/en/news/299597098.md) - [BUZZ-India's GK Energy jumps after order win from Maharashtra government](https://longbridge.com/en/news/299611312.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**