U.S. Treasury Yields Decline as Market Absorbs Warsh's Remarks
Dow Jones
Yesterday
0525 GMT - U.S. Treasury yields edge lower in Asian trade, trimming some of Friday's massive rises in short-end yields following Federal Reserve Chairman Kevin Warsh's hawkish speech in Jackson Hole. "Chair Warsh struck a broadly bullish tone on growth while emphasizing inflation as the Fed's primary concern," TD Securities' strategists say in a note. However, he stopped short of signaling a September hike and TD Securities' base case remains for the Fed to stay on hold, they say. The two-year Treasury yield falls 2 basis points to 4.328%, while the 10-year Treasury yield falls declines 0.8 basis points to 4.713%, according to Tradeweb.
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