Kevin Warsh Faces Highest 10-Year Treasury Yields at Swearing-In Since 1987

Kevin Warsh is set to be sworn in as Federal Reserve chair on a date when 10-year Treasury yields are higher than on the swearing-in day of any previous chair since Alan Greenspan took office in August 1987. The comparison covers every Federal Reserve chair appointed after Greenspan.

It measures the prevailing yield on the benchmark 10-year Treasury note at the moment each new chair assumed the role.

10-year Treasury yields reflect market expectations for longer-term interest rates and inflation. Higher yields at the start of a chair's term indicate elevated borrowing costs for the government, businesses, and households. The historical benchmark begins with Greenspan's August 1987 swearing-in and runs through all subsequent chairs. No earlier data points are included in the comparison.