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?

How many basis point hikes occurred in June and July?

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

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

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