Fed’s Kashkari keeps October open, still sees more hikes ahead, 10s +3bp · Thu 01 Oct 2026

Treasuries (close 2026-09-30): 2s 4.88% (-1.0bp), 10s 5.29% (+3.0bp), 30s 5.64% (+5.0bp).

Tape (close 2026-09-30): VIX 16.34, 2s10s +41bp.

Narrative: Fed's Kashkari: Depending on the economy's performance, the Fed may have to hike more than expected.

What mattered:

• Fed’s Kashkari keeps October open, still sees more hikes ahead

• Fed's Kashkari: Depending on the economy's performance, the Fed may have to hike more than expected.

• Fed's Kashkari: September rate projections were for one more hike this year, another in 2027.

• US borrowing costs hit 24-year high as global bond sell-off intensifies

• Fed's Jefferson: I'm is worried high inflation could spill into expectations