US 10-Year Yield Rebounds After Fed

2026-06-17 18:25 By Andre Joaquim 1 min. read

The yield on the 10-year US Treasury note erased losses to hover at the 4.46% mark on Wednesday after the Federal Reserve held interest rates unchanged and projected the possibility of a rate hike this year.

The Summary of Economic Projections showed that nearly half of the FOMC projected that at least one rate hike may be warranted this year, aligned with the upward revision to core inflation and lower expectations of unemployment.

The pivot followed a batch of data pointing to higher underlying price growth following the war in the Middle East and its impact on energy prices, although labor market gauges remained robust.

Notably, new Chairman Kevin Warsh refrained from penciling in his projections, reflecting continuity to his pushback against forward guidance by the Fed.

The Chairman had also called for a smaller balance sheet for the central bank, particularly regarding longer term Treasury notes and bonds.



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