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| 18 Sep 2026 | |
| Written by ToucanTech Support | |
| On Global Markets |
The Fed hiked, as three in four of the FT-Booth panel expected. The real story is the 10-year Treasury yield, now close to 5%.
The Fed chair treats the bond market as an oracle, a real-time signal; the Treasury treats it as an obstacle, and is using buybacks to lean on yields. 78% of surveyed macroeconomists expect the 10-year above 5% a year from now.
On Global Markets, 11 September 2026. More...
