Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Economics Central Banks Kevin Warsh during a Senate Banking confirmation hearing in April.
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Send a tip to our reporters Site feedback: Take our Survey New Window By Maria Eloisa Capurro and Ye Xie May 19, 2026 at 6:41 PM UTC Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
The yield on 30-year Treasuries on Tuesday touched its highest level since 2007 amid an intense selloff in government bonds, triggered by the latest surge in energy prices emanating from the US war with Iran. Throw in worries over US budget deficits and signs that the economy remains resilient, and investors are seeking greater compensation to own longer-dated debt.
