{"id":52422,"date":"2023-08-24T08:33:25","date_gmt":"2023-08-24T12:33:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/treasury-yields-steady-as-investors-await-speech-from-feds-powell-speech-on-friday\/"},"modified":"2023-08-24T08:33:27","modified_gmt":"2023-08-24T12:33:27","slug":"treasury-yields-steady-as-investors-await-speech-from-feds-powell-speech-on-friday","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=52422","title":{"rendered":"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002435571\" role=\"document\">\n<p>U.S. bond yields were little changed and holding at their lowest in a week as traders eyed a speech by Federal Reserve Chair Jerome Powell on Friday.<\/p>\n<h2>What\u2019s happening<\/h2>\n<ul class=\"articleList\">\n<li>\n      The yield on the 2-year Treasury<br \/>\n        BX:TMUBMUSD02Y<br \/>\n       rose 2.6 basis points to 4.976%. <\/p>\n<\/li>\n<li>\n      The yield on the 10-year Treasury<br \/>\n        BX:TMUBMUSD10Y<br \/>\n       was barely changed at 1.8  4.198%.<\/p>\n<\/li>\n<li>\n      The yield on the 30-year Treasury<br \/>\n        BX:TMUBMUSD30Y<br \/>\n       was little moved at 4.273%.<\/p>\n<\/li>\n<\/ul>\n<h2>What\u2019s driving markets<\/h2>\n<p>Benchmark Treasury yields are holding their lowest levels in a week after surveys from the U.S. and Europe, released Wednesday, pointed to sharper than expected slowdown in economic activity across developed nations.<\/p>\n<div class=\"paywall\">\n<p>The 10-year Treasury yield which hit 4.36% on Monday, a near 16-year peak, was trading down at 4.198% early Thursday, as traders also awaited a speech due Friday from Powell.<\/p>\n<p>Ahead of Powell\u2019s comment, markets are pricing in an 87% probability that the Fed will leave interest rates unchanged at a range of 5.25% to 5.50% after its next meeting on September 20, according to the CME FedWatch tool.<\/p>\n<p>The chances of a 25 basis point interest rate hike to a range of 5.50 to 5.75% at the subsequent meeting in November is priced at 40%.<\/p>\n<p>The central bank is not expected to take its Fed funds rate target back down to around 5% until June 2024, according to 30-day Fed Funds futures.<\/p>\n<p>U.S. economic updates set for release on Thursday include the weekly initial jobless benefit claims and durable goods orders for July, both due at 8:30 a.m. Eastern.<\/p>\n<p>The Treasury will auction $8 billion of 30-year TIPS paper on Thursday.<\/p>\n<h2>What are analysts saying<\/h2>\n<p>Patrick Munnelly, analyst at TickMill Group, addressed the looming speeches at Jackson Hole.<\/p>\n<p>\u201cThe pivotal central bank speeches, notably from Fed Chair Powell and ECB President Lagarde, are scheduled for Friday. The central theme for this year\u2019s symposium revolves around \u2018Structural shifts in the global economy.\u2019 This thematic focus could provide valuable insights into various factors reshaping the world economy, including shifts in global trade dynamics and elevated levels of debt, \u201d wrote Munnelly in a note published Thursday.<\/p>\n<p>\u201cOne significant consideration is the possibility that these structural changes could lead to interest rates stabilizing at levels higher than those observed before the onset of the pandemic. This could have significant implications for monetary policy and global financial markets. As such, the speeches during the symposium are anticipated to shed light on the central banks\u2019 perspectives regarding these matters and how they might guide their respective policies to navigate these shifts effectively,\u201d Munnelly concluded. <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/treasury-yields-steady-as-investors-await-powell-speech-on-friday-b53fc1b6?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. bond yields were little changed and holding at their lowest in a week as traders eyed a speech by Federal Reserve Chair Jerome Powell on Friday. What\u2019s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 2.6 basis points to 4.976%. The yield on the 10-year Treasury BX:TMUBMUSD10Y was barely changed at 1.8 4.198%. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-52422","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday | iFintechWorld<\/title>\n<meta name=\"description\" content=\"U.S. bond yields were little changed and holding at their lowest in a week as traders eyed a speech by Federal Reserve Chair Jerome Powell on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=52422\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"U.S. bond yields were little changed and holding at their lowest in a week as traders eyed a speech by Federal Reserve Chair Jerome Powell on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=52422\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-24T12:33:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-24T12:33:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=52422#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=52422\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday\",\"datePublished\":\"2023-08-24T12:33:25+00:00\",\"dateModified\":\"2023-08-24T12:33:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=52422\"},\"wordCount\":435,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=52422#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=52422\",\"url\":\"https:\/\/ifintechworld.com\/?p=52422\",\"name\":\"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-24T12:33:25+00:00\",\"dateModified\":\"2023-08-24T12:33:27+00:00\",\"description\":\"U.S. bond yields were little changed and holding at their lowest in a week as traders eyed a speech by Federal Reserve Chair Jerome Powell on\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=52422#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=52422\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=52422#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday | iFintechWorld","description":"U.S. bond yields were little changed and holding at their lowest in a week as traders eyed a speech by Federal Reserve Chair Jerome Powell on","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=52422","og_locale":"en_US","og_type":"article","og_title":"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday | iFintechWorld","og_description":"U.S. bond yields were little changed and holding at their lowest in a week as traders eyed a speech by Federal Reserve Chair Jerome Powell on","og_url":"https:\/\/ifintechworld.com\/?p=52422","og_site_name":"iFintechWorld","article_published_time":"2023-08-24T12:33:25+00:00","article_modified_time":"2023-08-24T12:33:27+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=52422#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=52422"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday","datePublished":"2023-08-24T12:33:25+00:00","dateModified":"2023-08-24T12:33:27+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=52422"},"wordCount":435,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=52422#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=52422","url":"https:\/\/ifintechworld.com\/?p=52422","name":"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-24T12:33:25+00:00","dateModified":"2023-08-24T12:33:27+00:00","description":"U.S. bond yields were little changed and holding at their lowest in a week as traders eyed a speech by Federal Reserve Chair Jerome Powell on","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=52422#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=52422"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=52422#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Treasury yields steady as investors await speech from Fed\u2019s Powell speech on Friday"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/52422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52422"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/52422\/revisions"}],"predecessor-version":[{"id":52423,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/52422\/revisions\/52423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}