---
title: "Fed's Hammack: There is more restraint that is needed; if"
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 14.84, 2s10s +44bp."
source: Helious
canonical: "https://helious.io/news/brief-2026-10-12/feds-hammack-there-is-more-restraint-that-is-needed-if"
---

Daily brief
              12 Oct 2026, 21:05 UTC



# Fed's Hammack: There is more restraint that is needed; if monetary pol, 10s -6bp

Mon 12 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 14.84, 2s10s +44bp.

Narrative: Trump's 'energy ceasefire' collides with real-world problems of dwindling fuel supplies

What mattered:

- Fed's Hammack: There is more restraint that is needed; if monetary policy does nothing, market conditions would change
- Fed's Hammack: The question for the Fed now is how fast to make policy more restrictive
- Fed’s Hammack calls for quick move to restrictive policy
- Fed’s Hammack backs restrictive policy, says better if it comes ’relatively quickly’
- Fed’s Hammack calls for higher rates as inflation pressures broaden






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