Traders at work at the New York Stock Exchange on August 25, 2026.
new york stock exchange
U.S. Treasury yields were little changed Thursday as investors prepared for the start of the Federal Reserve’s high-profile annual economic symposium in Jackson Hole, the first under Chairman Kevin Warsh.
benchmark 10 year treasury The note gained less than 1 basis point at 4.672%. of 30 year treasury Bond yields similarly rose less than 1 basis point to 5.19%. 2 years treasury Notes rose less than 1 basis point to 4.232%.
One basis point is equal to 0.01%, or one-hundredth of 1%, and yield and price are inversely proportional to each other.
The most anticipated event of the week is the Jackson Hole Summit, where Warsh will speak on Friday.
Investors are looking for more information on the chair’s views on the economy, inflationary pressures and the role of monetary policy-making. The lack of forward guidance means the market can become spooked in response to dovish or hawkish tilts.
What will be interesting to see is whether he will also comment on the rise in long-term U.S. borrowing costs and the Treasury Department’s plans to expand its bond purchases in response.
Investors got some insight into the state of the economy ahead of the much-anticipated speech. On Thursday, 203,000 new jobless claims were filed for the week ending Aug. 22, lower than the 208,000 expected by economists compiled by Dow Jones.
The statistics came after the Fed’s recommended inflation measure came out slightly better than expected on Wednesday. The print helped push the dollar higher, with the majority of federal funds futures traders still expecting the Fed to keep interest rates unchanged in September, according to CME Group’s FedWatch tool.
