Two-Year Yield Jumps on Kevin Warsh's Jackson Hole Debut

Uploaded August 2026 | Updated September 2026, 2 weeks ago

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Wall Street traders sent short-term yields sharply higher as Federal Reserve Chair Kevin Warsh vowed to bring inflation to the target, boosting bets on a rate hike and stabilizing longer-dated bonds.

In his first major speech since taking the helm of the central bank, Warsh appeased investors urging a strong determination in dealing with price pressures after a recent bout of Treasury volatility. Two-year yields climbed 12 basis points to 4.35%. Those on 30-year securities barely budged. The dollar rose. Gold fell. The S&P 500 erased an earlier gain as chipmakers dropped.
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