Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Bond Market Is Pushing the Fed Toward a July Hike
On the debut episode of The Macro Memo, Lucas and Luna unpack why bond yields are surging into late May 2026 and what that means for the Fed's next move. With the ten-year Treasury yield climbing 4.1% in five days to 4.66% and the 30-year bond at 5.18%, the bond market is effectively doing the Fed's tightening work for it. Lucas explains the mechanics of yield spikes and connects them to the incoming Fed chair Kevin Warsh and hawkish commentary from Ed Yardeni, who expects a July rate hike. Luna pushes back on whether the economy can absorb higher rates, citing the latest CPI…
The skinny
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