---
title: Fed’s Musalem says more rate hikes needed to reach 2%
description: "Treasuries (close 2026-10-08): 2s 4.75% (-2.0bp), 10s 5.22% (-6.0bp), 30s 5.6% (-7.0bp). Tape (close 2026-10-08): VIX 15.41, 2s10s +47bp."
source: Helious
canonical: "https://helious.io/news/brief-2026-10-09/feds-musalem-says-more-rate-hikes-needed-to-reach-2-target"
---

Daily brief
              09 Oct 2026, 21:05 UTC



# Fed’s Musalem says more rate hikes needed to reach 2% target, 10s -6bp

Fri 09 Oct 2026



            Treasuries (close 2026-10-08): 2s 4.75% (-2.0bp), 10s 5.22% (-6.0bp), 30s 5.6% (-7.0bp).

Tape (close 2026-10-08): VIX 15.41, 2s10s +47bp.

Narrative: Trump says he doesn't want Iran deal as U.S. reportedly prepares for 'massive bombing'

What mattered:

- Fed’s Musalem says more rate hikes needed to reach 2% target
- Treasuries Slip on Inflation Worry as Energy Costs Stay High
- Pimco CIO warns 10-year Treasury yield could reach 6% - report
- US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco’s Ivascyn tells FT
- Saudi-led Coalition: We're carrying out a wide-ranging operation targeting Yemen's Houthi elements and capabilities.






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