Treasury yields mildly mixed as investors await Powell speech and data deluge

Comments from Fed chair may be the last before central bank enters blackout ahead of its December meeting.

Treasury yields were mildly mixed on Wednesday ahead of a speech by Federal Reserve chairman Jay Powell and a looming large bundle of important economic data.

What’s happening What’s driving markets Moves in sovereign bonds were relatively meager as Investors waited to see what Powell says in a speech due at 1:30 p.m. at the Brookings Institution. A busy few days of important economic data is also contributing to the caution. Data released on Wednesday for the Fed to peruse include the November ADP employment report at 8:15 a.m.; real GDP data at 8:30 a.m.; the November Chicago PMI report at 9:45 a.m; October pending home sales alongside job openings and quits at 10 a.m.; and the Fed’s Beige Book at 2 p.m..

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