Bloomberg Surveillance · Thursday, July 30, 2026
Thirty-year bond yields have reached their highest level since 2007, with investors questioning Federal Reserve Chair Kevin Walsh's credibility in fighting inflation. Analysts suggest the Fed may need to either bring inflation under control or the bond market will do it for them.
“Look, he's falling into the same chap that's so many FED chair people fall into when they take the role, and it's a communication blunder. It's sending the wrong signals to the market.”
“And I think you do have a credibility issue at this point. So the Fed is going to need to either get inflation under control or the bond market's going to do it for it.”
“We think the need to re establish credibility increases the probability of a high con September.”