A panicking Fed is just what the bond market needs, says Bank of America’s chief strategist

Bank of America chief strategist Michael Hartnett asserts that a panicking Fed is exactly what the bond market requires. He suggests that new Fed Chairman Kevin Warsh likely needs to implement a rate hike soon to reassure the long end of the Treasury curve. This action is viewed as necessary to stabilize the Treasury market, with a 61% probability of a rate hike occurring by September 2026, according to reports from Bank of America and Crypto Briefing.