First Plus Asset Management sees Fed inflation focus lifting 30-year Treasury yield to 5.21%

• First Plus Asset Management flagged renewed inflation risk as the Fed held the funds rate at 3.50%-3.75% for a fifth meeting.
• Long-end Treasuries sold off; the 30-year yield rose 24 basis points to 5.21%, the highest since 2007.
• Core PCE eased to 3.3% in June, still well above the 2% target; three officials dissented for a 25-basis-point hike.
• US GDP growth slowed to 1.5% annualized in Q2; the drag came from net exports tied to front-loaded imports ahead of 24 July tariffs.
• Australia CPI cooled to 3.8% in June; First Plus expects the RBA to hold near term with a hawkish bias despite sticky non-tradables.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Plus Asset Management Pte Ltd published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.