US Treasury Yields Increase Following Fed Chairman's Inflation Remarks

US Treasury yields have risen across the curve, with the 10-year note nearing 4.5%. This movement comes after Federal Reserve Chairman Kevin Warsh reiterated concerns about persistent high inflation. His comments have led market participants to scale back expectations for imminent interest rate reductions. Investors are now awaiting the June FOMC meeting minutes for further clarity on the central bank's policy direction.