21.08.202502:38:28UTC+00US 10-Year Yield Steadies as Jackson Hole Eyed

The yield on the 10-year US Treasury stabilized around 4.29% on Thursday, following two days of decreases. Investors are now looking forward to the Federal Reserve’s Jackson Hole symposium for policy insights. Attention is particularly on Fed Chair Jerome Powell’s comments, as they seek clarity on whether the central bank will challenge the expectation of imminent easing. Currently, futures indicate an 82% likelihood of a quarter-point rate reduction in September, a drop from last week’s 94%. The minutes from the Fed’s July meeting highlighted that officials remain more concerned about inflation than risks to the labor market, with disagreements over tariffs further splitting the committee. Meanwhile, in Washington, President Donald Trump urged Fed Governor Lisa Cook to resign over concerns of mortgage fraud, while continuing to advocate for lower interest rates. As Powell’s term concludes in May, Trump is considering potential replacements.