The Warsh Doctrine: Why the Bond Market’s Most Contradictory Year in a Decade Starts June 17
Rate cuts were certain. Now they're off the table. The 30-year yield hit its highest since 2007. And the new Fed Chair holds his first press conference in six days. Here's what fixed income investors need to know.
About this episode
On January 1, 2026, the consensus was clear: the Fed would cut rates multiple times this year. Today, the probability of any rate cut before year-end is under 3% — and rate hike odds are rising. The 30-year Treasury yield has hit 5.18%, the highest since before the 2008 financial crisis. And on June 17, Kevin Warsh — the most controversial Fed Chair nominee in the modern era — will hold his first press conference. James and Elena break down the dramatic yield curve repricing of 2026, the paradox of tight corporate spreads in a high-inflation environment, and what the Warsh era means for fixed income portfolios.
Timestamps
Disclaimer
This podcast is financial commentary for informational purposes only and does not constitute a recommendation to buy or sell any security. We are not a registered investment advisor. Consult a licensed financial professional before making any investment decisions.