US 30-year yield hits 5.12%, 19-year high; Fed Chair Warsh to chair first FOMC; CME Fed funds futures show 97% hold probability

US 30-year Treasury yields spiked to 5.121% on May 19, testing a 19-year high, as the 10-year yield also climbed to 4.60%, triggering duration selling. CME FedWatch reflects 97% hold probability for June, with Polymarket pricing 70% odds of no cuts this year, effectively pricing in a hawkish hold. Warsh will chair his first FOMC on June 16-17. Eurozone April CPI also accelerated to 3.0%, signaling emerging global bond vigilante pressure.