Warsh's Hawkish Warning Sends Treasury Yields Soaring as Bitcoin Holds Firm

Federal Reserve Chair Kevin Warsh's Jackson Hole speech has pushed markets toward a more hawkish interest-rate outlook, sending the U.S. 2-year Treasury yield sharply higher.

The yield jumped to about 4.36%, pushing above its 50-period exponential moving average near 4.225% and signaling a rapid repricing of near-term monetary-policy expectations.

Momentum is strong but stretched, with the chart's 14-period RSI near 79, well above the conventional 70 overbought threshold.

Warsh emphasized that inflation remains the Federal Reserve's primary concern, reinforcing expectations that policymakers could tighten further if price pressures do not cool convincingly.