Forex
Treasury Yields Tick Up Ahead of Jackson Hole Speech
US Treasury yields rose for a second consecutive day as investors shifted their focus to Jackson Hole, where Federal Reserve Chairman Kevin Warsh is set to deliver a speech on Friday. Yields increased by one to two basis points across various maturities, with longer-dated bonds leading the charge.
The uptick in yields comes amid concerns about inflation and the US fiscal outlook. Investors are anticipating that Warsh's speech will strike a hawkish tone, potentially influencing market sentiment.