US Treasury yields remained largely unchanged on Friday morning, with investors across global markets holding their breath for the much-anticipated keynote speech from Federal Reserve Chair Kevin Walsh at the Jackson Hole symposium. The event, hosted by the Kansas City Fed, kicked off against the scenic backdrop of Moran, Wyoming, on August 26, 2026, where visitors gathered at the Jackson Lake Lodge ahead of the proceedings.

By 4:00 AM Eastern Time, the yield on the benchmark 10-year Treasury note ticked up by less than one basis point to 4.676%, while the 30-year Treasury bond yield edged slightly higher by under one basis point to 5.199%. Meanwhile, the 2-year Treasury yield held flat at 4.229%. For reference, one basis point equals 0.01%, and it is important to note that bond yields move inversely to prices.

Here is a snapshot of the latest yield movements across key maturities: the 10-year note stood at 4.684%, up 0.012; the 1-month bill rose 0.013 to 3.732%; the 1-year note gained 0.021 to 4.043%; the 2-year note inched up 0.002 to 4.234%; the 30-year bond advanced 0.014 to 5.205%; the 3-month bill climbed 0.014 to 3.788%; and the 6-month bill increased 0.017 to 3.924%.

Market participants will be poring over Walsh's remarks for signals on two key fronts: his perspective on how monetary policy should respond to the latest inflation figures, and the market implications of the Treasury Department's debt buyback program. Walsh, who assumed the role of Fed Chair in May of this year for a four-year term, has so far offered scant public commentary on the state of the economy or the policy outlook. Many market observers anticipate that his address will likely steer clear of detailed policy path specifics, instead concentrating on broader macroeconomic themes.