ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY
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Select market data provided by ICE Data Services . Select reference data provided by FactSet. Copyright © 2026 FactSet Research Systems Inc. Copyright © 2026, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC filings
Directly affected
- FDS Factset Research Systems
Named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-2.2% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF-0.8% 30d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- TIP iShares TIPS Bond ETF-0.0% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- DHI D.R. Horton+13.7% 30d
D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- SCHW The Charles Schwab
The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FDSNo price data for this ticker | — | — | — | — | — | — | — |
| TLT | -0.08% | -1.01% | base | +0.04% | after close | after close | after close |
| IEF | -0.26% | -0.89% | base | -0.23% | after close | after close | after close |
| TIP | +0.43% | -0.14% | base | +0.03% | after close | after close | after close |
| JPM | -0.08% | +0.17% | base | +0.68% | after close | after close | after close |
| BAC | +0.41% | -0.30% | base | +0.82% | after close | after close | after close |
| DHI | -7.36% | -7.86% | base | -2.22% | after close | after close | after close |
| SCHW | -4.93% | -3.59% | base | +0.10% | after close | after close | after close |
| WMT | -3.29% | -2.27% | base | -2.09% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY TradingView
Source: TradingView
Ishares Tr (TLT) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | +0.82% | still updating |
| Bank Of America (BAC) | three days earlier | -0.30% | final price |
| Bank Of America (BAC) | five days earlier | +0.41% | final price |
| Horton D R (DHI) | that day | -2.22% | still updating |
| Horton D R (DHI) | three days earlier | -7.86% | final price |
| Horton D R (DHI) | five days earlier | -7.36% | final price |
| Ishares Tr (IEF) | that day | -0.23% | still updating |
| Ishares Tr (IEF) | three days earlier | -0.89% | final price |
| Ishares Tr (IEF) | five days earlier | -0.26% | final price |
| Jpmorgan Chase (JPM) | that day | +0.68% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | +0.17% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -0.08% | final price |
| Schwab Charles (SCHW) | that day | +0.10% | still updating |
| Schwab Charles (SCHW) | three days earlier | -3.59% | final price |
| Schwab Charles (SCHW) | five days earlier | -4.93% | final price |
| Ishares Tr (TIP) | that day | +0.03% | still updating |
| Ishares Tr (TIP) | three days earlier | -0.14% | final price |
| Ishares Tr (TIP) | five days earlier | +0.43% | final price |
| Ishares Tr (TLT) | that day | +0.04% | still updating |
| Ishares Tr (TLT) | three days earlier | -1.01% | final price |
| Ishares Tr (TLT) | five days earlier | -0.08% | final price |
| Walmart (WMT) | that day | -2.09% | still updating |
| Walmart (WMT) | three days earlier | -2.27% | final price |
| Walmart (WMT) | five days earlier | -3.29% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna sold Factset Research Systems (FDS) (held by a spouse), worth $1,001 - $15,000 on 19 Aug 2026. That is 79 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Factset Research Systems (FDS) (held by a dependent child), worth $1,001 - $15,000 on 19 Aug 2026. That is 79 days before publication. Filed 4 Sep 2026. View the filing.
- Sen. John Boozman bought Ishares Tr (IEF) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 58 days before publication. Filed 21 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 63 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 63 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 71 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 58 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 74 days before publication. Filed 16 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 81 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 35 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 39 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TLT)
Companies mentioned with this story
- TLT Ishares Tr
In “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- IEF Ishares Tr
Ishares Tr (IEF) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY.” Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- TIP Ishares Tr
Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- JPM Jpmorgan Chase
In “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- BAC Bank Of America
In “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- DHI Horton D R
In “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- SCHW Schwab Charles
For “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY,” Schwab Charles (SCHW) is linked, with no stored direction, medium confidence. Reason on file: The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- WMT Walmart
For “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
Ishares Tr (TLT)
On 6 Nov 2026, “ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY” is the story that connects Ishares Tr (TLT) to this story.
The link for Ishares Tr (TLT) is this: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
Ishares Tr (IEF) is here too. Its reason reads: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
Price levels for Ishares Tr (TLT)
IEF traded between 88.64 and 90.97 across 19 sessions. The latest close on file is 90.08. TIP traded between 103.77 and 105.61 across 19 sessions. The latest close on file is 105.27. TLT traded between 76.44 and 81.50 across 19 sessions. The latest close on file is 79.46.
How strong the case is around Ishares Tr (TLT)
46 out of 100Price not final
“ST LOUIS FED'S MUSALEM Q&A: SHOULD INFLATION EXPECTATIONS RISE BOND YIELDS WOULD RISE TOO; AM AN A.I. OPTIMIST, TO RAISE PRODUCTIVITY” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.