Can Waller's coming to power reverse the rise in U.S. bond yields?
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Inflationary pressure has reignited, pushing global bond yields to multi-year highs. The yield on the U.S. 30-year Treasury touched 5.18%, the highest since 2007; the 10-year yield climbed to 4.66%, marking a new high since January 2025.
The market once expected that, after Walsh takes over as