Treasury 30-year yield tops 5.20% for the first time since 2007, 10s -4bp · desk brief, Wed 29 Jul 2026
Treasuries (close 2026-07-28): 2s 4.26% (-5.0bp), 10s 4.61% (-4.0bp), 30s 5.09% (-3.0bp).
Tape (close 2026-07-28): VIX 18.21, 2s10s +35bp.
Narrative: Will New Fed Chair Kevin Warsh Shock the Market and Deliver a Surprise Rate Hike at the Fed's July Meeting?
What mattered:
• Treasury 30-year yield tops 5.20% for the first time since 2007.
• US 30-Year Yield Soars to 19-Year High After Fed Holds Rates
• BofA says Fed hike today would be one for the books
• Odds of a 25bp hike in interest rates at over 50% on Kalshi
• Fed Dissents Show Migration Toward Hike, JPMorgan's Michele Says