Fed Expected to Keep Raising Rates Until Inflation Cools, 10s +7bp · desk brief, Tue 11 Aug 2026
Treasuries (close 2026-08-10): 10s 4.72% (+7.0bp), 30s 5.25% (+6.0bp).
Tape (close 2026-08-10): VIX 15.46, 2s10s +47bp.
Narrative: US military disables Panama-flagged tanker in violation of blockade in Strait of Hormuz
What mattered:
• Fed Expected to Keep Raising Rates Until Inflation Cools
• Cleveland Fed's Beth Hammack says multiple rate hikes needed
• ‘My primary concern is inflation’: Fed’s Schmid pushes rates higher as mortgages hit 6.69%. Make high rates work for you
• Australia's central bank warns further hike 'quite possible' after holding rates steady
• July CPI Crucial as Inflation Rebound Concerns Rise