0948 ET - Treasury yields and the dollar are largely flat ahead of Fed Chairman Kevin Warsh's speech in Jackson Hole. Investors hope that the usually tight-lipped Warsh will give signals on his near-term expectations for rates and inflation. UBS says its base case remains that incoming data should confirm inflation is gradually easing. This should allow the Fed "to keep interest rates unchanged for the rest of this year before lower inflation opens the door to potential rate cuts in the first half of 2027," says Ulrike Hoffmann-Burchardi, CIO Americas and Global Head of Equities. The 10-year yield is at 4.68% versus Thursday's settle of 4.67%. The two-year yield is 4.24% versus 4.23% Thursday.
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