Opinion: What the Federal Reserve Fears Most Is a Surge in 10-Year Treasury Yields

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

Jeff Buchbinder believes that what Walsh wants to avoid most is a sharp rise in the 10-year Treasury yield. For the market, it is crucial that the 10-year Treasury yield remains below 4.5%, especially now that oil prices have declined. Therefore, do not expect the Federal Reserve to take swift action in this regard. (Jin Shi)