CNBC reports on high U.S. Treasury yields and expected Fed rate hikes

Brian Sullivan appeared on CNBC's Power Lunch on October 7, 2026. During the broadcast, commentary addressed the Federal Reserve's September meeting minutes and current market conditions. Reports noted that yields on U.S. 30-year and 10-year Treasuries reached highs not seen since 2002, with the 2-year yield at 4.77%.

Market commentary indicated that another interest rate hike is likely before the end of 2026, with a 76% likelihood according to the Kalshi prediction market. A longtime options trader warned that bonds could move 20 basis points, potentially causing market instability.