ME News, May 15 (UTC+8): The U.S. Treasury market has recently seen intense volatility, posing a major early challenge for the incoming Federal Reserve Chair, Kevin Woor. Subadra Rajappa, Head of U.S. Research at Société Générale, said in an interview with Bloomberg Television on May 15 that, driven by expectations of accelerating inflation, the yield curve has shown clear and abnormal behavior. Rajappa noted that the surge in energy prices sparked by the Iran war is further intensifying inflation pressure in the United States, which will limit Woor’s space to push for rate cuts—an policy direction that he previously supported and that was also requested by U.S. President Donald Trump. She said frankly: “I’m starting to get a bit worried because bond yields do look somewhat out of control, and we should seriously pay attention to the signals the bond market is sending.” Expectations in the interest-rate market have also quickly shifted. 彭

MeNews

2026-05-25 08:56:41

ME News, on May 15 (UTC+8), the U.S. Treasury market has recently seen intense volatility, posing an important early challenge for the incoming U.S. Federal Reserve Chair, Kevin Wausch. Subadra Rajappa, Head of Americas Research at Société Générale, said in an interview on Bloomberg TV on May 15 that, driven by expectations of accelerating inflation, the bond yield trend has shown clear abnormal behavior. Rajappa noted that the surge in energy prices caused by the Iran war is worsening U.S. inflation pressures, which will limit Wausch’s room to push for rate cuts—this policy direction had previously been supported by him personally and was also demanded by U.S. President Donald Trump. She said bluntly: “I’m starting to get a bit worried, because bond yields do seem to be somewhat out of control, and we should take seriously the signals being released by the bond market.” Expectations in the interest rate market have also shifted rapidly. Bloomberg’s compiled data shows that traders currently estimate the probability of the Federal Reserve raising rates before December at nearly two-thirds. And just on February 27—the day before the U.S. and Israel carried out military action against Iran—the market had widely been pricing in more than two rate cuts within the year. (Source: ODaily)

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YieldSpring

· 23h ago

Iran's fight is being paid for by the American people.

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LatencyLullaby

· 23h ago

Trump wants to cut interest rates, the market wants to raise interest rates, what should we do?

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StakingSparrow

· 23h ago

The signals from the bond market are indeed quite frightening, with yields soaring wildly.

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DuskStop-LossLine

· 23h ago

Energy inflation + geopolitical conflicts, the Federal Reserve is caught in a dilemma

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BlueChipSkeptic

· 23h ago

The new chairman's first move burns his own hand.

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SentimentIndicatorHarvester

· 05-25 09:07

U.S. Treasury yields go out of control, causing the global asset pricing anchor to shake.

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ExitLiquidityStan

· 05-25 09:07

It feels like liquidity will tighten in the second half of the year, and crypto will have to shake a bit too.

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GateUser-9d67589f

· 05-25 09:07

Rajapa is right, the bond market is sometimes more honest than the stock market.

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GateUser-28f37882

· 05-25 09:07

Washed just took office and already faced this mess, is the interest rate cut dream shattered?

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Analysis: Signs of runaway in U.S. Treasury yields, Wash faces a "big test" early in his tenure

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