US Treasuries Rebound After Warsh’s Debut at Fed Stoked Selloff

US Treasuries rebounded on March 18, 2026, following a selloff that occurred after Federal Reserve Chairman Kevin Warsh made his debut and signaled a commitment to combating inflation. Warsh's remarks were interpreted by market participants as a sign of continuity in the Fed's hawkish stance, which had previously led to a decline in bond prices. The yield on the benchmark 10-year Treasury note, which had risen sharply in the preceding days, saw a modest decrease as investors reassessed the Federal Reserve's policy outlook. This recovery in the Treasury market suggests that investors found Warsh's initial communication reassuring, despite the uncertainty typically associated with a new leadership at the central bank. The market's reaction underscores the significant influence of Federal Reserve pronouncements on fixed-income securities and broader financial conditions. Analysts noted that Warsh's measured tone and focus on price stability provided a degree of comfort to bondholders.