Bond market is calling Warsh’s bluff on inflation fight as yields surge

The yield on the 30-year Treasury bond reached its highest level since 2007 during a press conference by Warsh, as the bond market challenged his inflation fight. This surge in yields led to a decline in stocks. Bloomberg Television analyzed the Wall Street closing bell with experts from Goldman Sachs, DoubleLine Capital, RBC Capital Markets, Wedbush, Allspring Global Investments, and Teva Pharmaceutical CEO Richard Francis to discuss the impact of these shifting financial market dynamics.