Opinion: What the Fed Least Wants to See Is a Surging 10-Year Treasury Yield

According to Odaily, LPL Financial Chief Equity Strategist Jeff Buchbinder stated that investors are closely watching the first press conference of newly appointed Fed Chairperson Walsh for his views on inflation, unemployment, and the economic outlook. The U.S. 10-year Treasury yield is currently fluctuating around the 4.43% level.

Jeff Buchbinder believes that the last thing Walsh wants to see is a sharp rise in the 10-year Treasury yield. For the market, it is crucial that the 10-year Treasury yield stays below 4.5%, especially now that oil prices have fallen. Therefore, don't expect the Fed to take action quickly. (Jin Shi)