10-year Treasury yield dips slightly as investors await Jackson Hole meeting

U.S. Treasury yields were mixed on Thursday as investors await signals on monetary policy from central bankers at the upcoming Jackson Hole meeting.

fell roughly 2 basis points to 4.2604%. At the shorter end of the curve, yields were slightly higher.The recent surge in 10-year yields to their highest level since November 2007 came as investors grappled with a surprisingly resilient U.S. economy and the possibility that inflation sticks around, forcing the central bank to keep interest rates higher for longer.

Thursday's market moves come ahead of the Federal Reserve's annual symposium in Jackson Hole, Wyoming, on Friday, which Wall Street hopes will offer some insight into the likely path of interest rates. Richmond Fed president Thomas Barkin struck a hawkish tone on Tuesday, reiterating that the Fed needs to defend the 2% inflation target to preserve its credibility with the public.

"We have one big weapon and that is credibility," Barkin said to the Danville Pittsylvania County Chamber of Commerce."There is nothing magic about 2 except that when you set that as a target you probably want to achieve it."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NBCDFW /  🏆 288. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10-year Treasury yield falls as traders look ahead to Powell's Jackson Hole speechU.S. Treasury yields were higher at the long end of the curve as investors assess the outlook for interest rates ahead of the Fed’s Jackson Hole symposium.
Read more »

Treasury yields mostly lower as rally takes a pause ahead of Jackson HoleU.S. Treasury yields were higher at the long end of the curve as investors assess the outlook for interest rates ahead of the Fed’s Jackson Hole symposium.
Read more »

| Coinbase Acquires Stake in CircleMarkets await the U.S. Federal Reserve's annual economic symposium in Jackson Hole, Wyoming.
Read more »

Jackson Hole symposium to shape Dollar’s path [Video]The Fed’s annual economic symposium will kick off on Thursday, but the highlight will be Chairman Powell’s flagship speech on Friday. With US yields t
Read more »

Asia FX ticks higher, dollar steadies with Jackson Hole in focus By Investing.comAsia FX ticks higher, dollar steadies with Jackson Hole in focus
Read more »

How the Stock Market Performs After Jackson Hole, According to HistoryInvestors shouldn't expect a repeat of last year's performance if history is any guide.
Read more »