{"title":"US Treasury yields stay elevated; Castle Securities flags Fed as
market risk","content":"Castle Securities said the Fed's reluctance to tighten
further despite prolonged above-target inflation has left long-term Treasury
yields at multi-year highs, posing broader market risk. Noshad Shah, head of
EMEA fixed-income sales at Castle Securities, noted policy rates are roughly 175
bps below their peak while long-term Treasuries remain near 20-year highs. On
Monday the 30-year Treasury yield rose above 5.28% to a 19-year high. Last
week's data showing softer inflation and weaker consumer demand lowered market
odds of a September Fed rate cut. Shah warned recent easing in inflation and
labor-market cooling should not be taken as the removal of rate risk, noting
more than 55% of core goods prices are still rising. He called next month's Fed
meeting "a close contest.""}
