US 10-Year Yield Reached a High in June: HSBC's Major

The transcript discusses the trends in the 10-year yield, highlighting the impact of 75 basis point hikes in June and July. It explores the market's focus on neutrality and the Fed's guidance towards a longer equilibrium. James Bullard's perspective on long-term rates is also examined, noting his longer run dot of 2.0 and potential push for 4% in the near term.

What was the 10 year yield hit mentioned in the text?

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How many basis point hikes occurred in June and July?

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What does the term 'neutrality' refer to in the context of the Fed's guidance?

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What was James Bullard's longer run dot mentioned in the text?

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What is the significance of the definition of neutrality according to the Fed chair?

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