Treasury Yields Stable Ahead of Warsh's Jackson Hole Speech
Treasury yields remained largely unchanged in early trading on Friday, with global investors keenly anticipating the significant keynote speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Policy Symposium.
The yield on the 10-year Treasury note saw a slight increase of less than one basis point, reaching 4.676% by 4 a.m. ET. Similarly, the 30-year Treasury bond yield edged up by less than one basis point to 5.199%. The yield on the 2-year Treasury note held steady at 4.229%.
For context, one basis point is equivalent to 0.01%. It's important to note that bond yields and prices move in opposite directions.
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