US bond yields steady as investors await Kevin Warsh's Jackson Hole speech
New Delhi, Aug. 27 -- US bond yields remained largely unchanged in Thursday's trade as investors awaited fresh signals on the Federal Reserve's policy path from the Jackson Hole symposium, the first to be held under Chair Kevin Warsh.
The yield on the 30-year Treasury bond was flat at 5.185%, while the yield on the two-year Treasury note edged less than a basis point lower to 4.222%.
Warsh is set to deliver his first major speech as Fed chair on Friday. The address could offer fresh clues on the policy outlook after he faced criticism over a lack of clarity regarding his views on the economy and the future path of interest rates.
Ahead of the symposium, Kansas City Fed President Jeffrey Schmid said the current level of central bank rat...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.