The U.S. 10-year Treasury rose on Thursday as investors looked ahead to remarks from Federal Reserve Chairman Jerome Powell.
rose on Thursday as investors looked ahead to remarks from Federal Reserve Chairman Jerome Powell.was roughly 1 basis point higher at 3.929%.Powell is set to give a speech at the annual Jackson Hole symposium on Friday. His comments come after the release of minutes from the central bank's July policy meeting.
The minutes showed the "vast majority" of Fed officials "observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting." Market participants are firmly pricing in an interest rate cut at the U.S. central bank's next meeting. Traders are currently pricing in a roughly 66% chance of a 25-basis-point rate cut in September, with just over one-third pricing in a 50-basis-point rate cut, according to theOn the data front, the latest reading of weekly initial jobless claims will be released at around 8:30 a.m. ET on Thursday.
A flash reading of manufacturing purchasing managers' index for August and services PMI for August, existing home sales data for July and the Kansas City Fed's survey for August will all follow slightly later in the session.
Markets Breaking News: Markets Bonds Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury yields plunge as Fed holds rates, Powell hints focus on jobs marketUS Treasury yields along the short and long end of the curve plummeted late on Wednesday following the Federal Reserve’s decision to hold rates unchanged, as expected.
Read more »
Alma Powell, civic leader and wife of late Secretary of State Colin Powell, dies at 86Political News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
Alma Powell, wife of Gen. Colin Powell and Birmingham native, dead at 86She came home again to Birmingham in 1963 while her husband was deployed for his first tour in Vietnam.
Read more »
Alma Powell, civic leader and wife of the late Colin Powell, dies at 86Alma Powell — who was recognized for her work to empower young people and was married to military leader Colin Powell — died after a brief illness.
Read more »
10-year Treasury yield jumps back above 3.98% after jobless claims slowU.S. Treasury yields rose Thursday after weekly jobless claims data that came in below expectations.
Read more »
EUR/GBP trades with mild losses below 0.8600 as UK economy expands 0.6% QoQ in Q2The EUR/GBP cross weakens near 0.8565 on Thursday during the early European session on Thursday.
Read more »