U.S., European Bond Yields Rise, Dollar Steady Ahead of Jackson Hole Meet
Dow Jones
Aug 27
1033 GMT - Yields on U.S. Treasurys and European bonds rise while the dollar stays steady in mid-morning European trade, ahead of the Kansas City Federal Reserve's Jackson Hole symposium, where Fed Chairman Kevin Warsh will speak Friday. "Overall, monetary policy expectations continue to point to an interest rate hold at the Fed's next meeting before an increase by the end of the year," DHF Capital S.A's Bas Kooijman says in a note. The DXY dollar index is stable at 99.192. The 10-year Treasury yield rises 0.8 basis points at 4.672%; the 10-year German Bund yield rises 3.1 basis points to 3.253% and the 10-year U.K. gilt yield is up 2.6 basis points at 5.037%, according to Tradeweb.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.