US Short-End Yields Fall After Warsh Signals Fewer Fed Meetings, 10s -1bp

Wed 28 Oct 2026

Treasuries (close 2026-10-27): 2s 4.7% (+2.0bp), 10s 4.99% (-1.0bp), 30s 5.3% (-1.0bp).

Tape (close 2026-10-27): VIX 17.52, 2s10s +29bp.

Narrative: Canadian Dollar jumps as Fed Chair Warsh says Fed hikes are working

What mattered:

• US Short-End Yields Fall After Warsh Signals Fewer Fed Meetings
• Fed to decide on potential rate rise before US midterms
• Fed to decide on interest rates as US midterm elections loom
• Federal Reserve holds rates steady despite worsening US inflation
• The Fed Will Deliver Price Stability, Warsh Says