Yield spikes and FOMC minutes will drive next week's action. 5/15/26.

Treasury yields posted double-digit jumps across the curve last week, setting a tense stage for the days ahead. As markets digest the largest single-day rate moves since 2025, attention turns to the upcoming FOMC minutes. Traders will be looking for clues on how widely the committee is split regarding the policy path and whether officials see current rates as mildly restrictive or neutral. Language surrounding inflation risks tied to energy markets and geopolitical tensions will be heavily scrutinized. These details, along with discussions on downside risks to growth, will likely shape yield curve positioning and broader risk asset sensitivity throughout the week. Learn More About Trading Futures and Options at CME Group: https://www.cmegroup.com/activetrader.html #treasuries #interestrates #futures