US Treasury yields climbed slightly, with the 10-year yield reaching 4.308% and the 2-year yield at 3.758%, as investors anticipate Federal Reserve Chairman Jerome Powell's speech at Jackson Hole's economic symposium on Friday. Markets are anticipating a potential interest rate cut in September, though recent Fed minutes expressed concerns about inflation and the labor market. Traders are monitoring Powell's speech for clues on future interest rate policy. Economic data releases on existing home sales and jobless claims are also anticipated.
Prepared by Christopher Adams and reviewed by editorial team.
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