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(Bloomberg) -- Across Wall Street, there’s growing relief that the Federal Reserve — at long last — may be done raising interest rates. But that doesn’t mean turbulence in the bond market will soon become a thing of the past. Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaLook to the Options Market for Signs of Stock Market TroubleMaui Now Looks a Lot Less Like ParadiseInvestors anticipate that US Tr

The longest portion, a 30-year bond, will yield 108 basis points over comparable Treasuries, less than the roughly 135 basis points initially discussed.

Jerome H. Powell, the Federal Reserve chair, said the central bank “still has a ways to go” before it will be done raising interest rates, and that rates may go higher than previously anticipated.

While it could be a bumpy ride, bond yields are at their highest levels in many years.

The US Federal Reserve could potentially follow next week’s expected quarter-point jump in interest rates with a jump twice as large in the next few months.