US Treasury Yields Ease Ahead of Key Jobs Data and Jackson Hole
· Business · CNBC, Bloomberg
US Treasury yields edged lower on Thursday as traders awaited crucial initial jobless claims data and the Federal Reserve's annual economic symposium in Jackson Hole. The benchmark 10-year Treasury note fell 2 basis points to 4.645%, while the 30-year bond yield dropped 2 basis points to 5.161%. The 2-year Treasury note yield declined 1 basis point to 4.211%. Markets are pricing in approximately a 36% probability of a Fed rate hike in September following recent inflation readings.
Why it matters
Bond market movements and upcoming Fed commentary directly influence global borrowing costs, currency valuations, and capital flows into emerging markets like India.
Read the original report — CNBC
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