BOK Delivers First Rate Hike Since Early 2023 Amid Chip-Led Boom, 10s -3bp — desk brief, Thu 16 Jul 2026
Treasuries (close 2026-07-15): 2s 4.13% (-5.0bp), 10s 4.55% (-3.0bp), 30s 5.08% (+0.0bp).
Tape (close 2026-07-15): VIX 15.67, 2s10s +42bp.
Narrative: Fed's Chair Warsh: The labor market is in good shape, not sure if the rate cuts are what caused that.
What mattered:
• BOK Delivers First Rate Hike Since Early 2023 Amid Chip-Led Boom
• US Jobless Claims Decline to 208,000, Below Economist Forecasts
• US Retail Sales Rise Modestly as Consumers Spend Less on Gas
• US Retail Sales YoY Actual 6.72% (Forecast -, Previous 6.88%)
• Initial Jobless Claims 4-week average: 214K