Treasury Yields Steady as Investors Anticipate Powell's Speech at Jackson Hole

U.S. Treasury Yields: Treasury yields remained stable on Friday, with the 10-year yield at 4.337% and the 2-year yield at 3.795%, as investors awaited a key speech from Federal Reserve Chairman Jerome Powell.

Powell's Speech Significance: Powell's upcoming address at the Jackson Hole symposium is expected to provide crucial insights into the Fed's long-term economic strategies, including inflation targets and employment considerations.

Interest Rate Outlook: Current market expectations indicate a 71% probability of an interest rate cut during the September meeting, highlighting investor anticipation regarding monetary policy shifts.

Analysts' Focus: Analysts are particularly interested in how Powell will address contrasting labor market indicators and economic data during his speech, which may be his last before his term ends in May 2026.