Bank of America strategists

“We expect Chair Warsh to change his communication to help contain the bond. If he does not, we would be concerned about a potential rapid [long end] bond rise to 5.5%+,”

Bank of America strategists · said date not stated · reported 2026-08-26

Bank of America strategists wrote that they expect Chair Warsh to change his communication to help contain the bond market.

“also do its part”

Bank of America strategists · said date not stated · reported 2026-08-26

Bank of America strategists said the Fed can also help contain long-end Treasury yields after the Treasury's bond market intervention.

“if he uses the speech to focus solely on broader structural themes such as productivity or demographics, we worry markets could interpret the message as dovish.”

Bank of America strategists · said date not stated · reported 2026-08-26

Bank of America strategists expressed concern that a speech focused on structural themes could be interpreted as dovish.