[Analyst: Rising US Treasury Yields May Help Tighten Financial Conditions, But Cannot Replace the Fed's Duty to Combat Inflation] BlockBeats reported on October 28th, citing CNBC, that Ben Emons, founder of FedWatch Advisors, stated that the current sell-off in US Treasuries, pushing up yields, may help tighten financial conditions, but this does not absolve the Fed of the necessity to raise interest rates later this year to combat inflation. Emons believes yields are likely to continue rising, primarily driven by persistently high energy prices and the risk of a protracted conflict with Iran. He emphasized that while higher yields can partially play a tightening role, they "cannot do what the Fed should be doing," and combating inflation still requires a coordinated policy interest rate path. [Original Link]