
Key points
US 10-year yield change around the first Fed hike, since 1970 (bps) | The Sep 2026 path hugs the 1997 one-and-done hike, with yields peaking and rolling over
Image source: @VrntPerception

US 10-year yield change around the first Fed hike, since 1970 (bps) | The Sep 2026 path hugs the 1997 one-and-done hike, with yields peaking and rolling over
Image source: @VrntPerception