MARKETS MOVE, BUT WARSH UNLIKELY TO SWAY FED FAST Treasury yields shifted as markets reacted to Kevin Warsh’s nomination: the two-year dipped to 3.54% while the 10-year rose to 4.25%. Warsh has backed faster rate cuts and a smaller Fed balance sheet, driving the curve’s steepening. But Corpay’s Karl Schamotta warns this reaction may reverse, noting Warsh has a weak record of persuading colleagues to adopt his views.(*Walter Bloomberg)