U.S. Treasury Yields Edge Higher as Investors Await Warsh's Speech
Dow Jones
Aug 28
0544 GMT - U.S. Treasury yields rise marginally ahead of Federal Reserve Chairman Kevin Warsh's keynote speech at the Jackson Hole meet Friday. Bond investors are keen to hear Warsh's view on the fight against inflation and whether the recent softer data is enough for the Fed to stay on hold in September, SEB's Johan Javeus says in a note. Further, investors would like to hear his thoughts on the Fed's ability and willingness to help Treasury Secretary Scott Bessent in the fight to keep long-term interest rates down, as well as on possible changes in how the Fed will communicate with the market going forward, the senior economist says. The 10-year Treasury yield is up 0.8 basis point at 4.679%, according to Tradeweb.
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