US Treasury Yields Shift as Kevin Warsh Prepares for Fed Confirmation

AI Summary

Bond traders are optimistic about Kevin Warsh's nomination to lead the Federal Reserve, with expectations for a Fed interest-rate cut by year-end. The US two-year yield dipped below 3.75% as crude prices fell, following a recent rally in Treasuries. US 10-year yields are now just under 4.25%. Market movements will hinge on Warsh's stance on interest rates during his confirmation hearing, with potential to influence inflation-conscious investment strategies.