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Waller comments cool rate-hike expectations as 10-year yields dip

10-year yields fell 2 to 3 basis points after the remarks, while Treasuries held near the roughly 4.80% level despite a rise in oil prices.

Reported · Written up by our desk · Central Banks

Mortgage News Daily reports that comments from Fed Governor Christopher Waller suggested he was not looking to pursue rate hikes unless incoming inflation data surprised to the downside.

Following the remarks, Fed funds futures and Treasuries reacted quickly, with 10-year yields dropping 2 to 3 basis points before bouncing.

The outlet also pointed to a second, less obvious sign for bonds, saying they held roughly sideways overnight even as oil prices moved higher, which it linked to possible resilience or dip-buying around the 4.80% area in 10-year yields.

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