Bond Bulls Look to Warsh for Next Leg of Rally
Dovish comments could fuel another leg down in Treasury yields.
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Tomorrow’s hearing on Kevin Warsh’s nomination to chair the Fed promises to be the next catalyst for a Treasury market that’s been upended by the Iran war.
Just before the US-Israeli attack on Iran, Treasuries had been rallying in part on the prospect that Warsh would push for easing monetary policy this year.