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Treasury yields tick higher ahead of Powell speech

August 23, 2019

U.S. Treasury yields rose Friday as traders wait for Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium in Wyoming, where he may give clues to the central bank’s next moves.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, +0.05% rose 2.5 basis points to 1.635%. The 2-year note rate TMUBMUSD02Y, -0.29% was up 2 basis points to 1.628%, while the 30-year bond yield TMUBMUSD30Y, +0.52% rose 2.3 basis points to 2.126%. Bond prices move in the opposite direction of yields.

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