Treasury yields rise as traders await Powell remarks
Publishing timestamp: 2024-08-22 13:18:59
Summary
The U.S. 10-year Treasury yield rose as investors awaited remarks from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. Market participants are expecting an interest rate cut at the next Fed meeting, with jobless claims data adding to concerns about the strength of the labor market.
Sentiment: NEUTRAL
Keywords: prices, medium term notes, business news, u.s. economy, government debt, economic events, bonds, breaking news: markets, united states, jerome powell, markets, u.s. 2 year treasury, u.s. 10 year treasury,
Source: https://www.cnbc.com/2024/08/22/us-treasurys-in-focus-as-investors-await-jackson-hole-symposium.html