U.S. Treasury Yields Rise, 30-Year Yield at 19-Year High; Dollar Falls
Dow Jones
Jul 30
1026 GMT - U.S. Treasury yields rise in European trade while the dollar edges lower after Federal Reserve Chairman Kevin Warsh's press conference left some uncertainty about the policy outlook. The 30-year yield extends its rise to hit a new 19-year high of 5.240%, according to Tradeweb. "Investors demanded greater compensation for longer-term inflation and policy uncertainty," The Revacy Fund's Zaheer Anwari says in a note. The Fed held rates but three members dissented and favored a hike. "The result was...a divided decision that revealed growing concern over persistent inflation," Anwari says. The DXY dollar index falls 0.1% to 100.820.
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