U.S. Treasury Yields Decline; Fed Minutes Awaited

Dow Jones
08/19

0539 GMT - U.S. Treasury yields decline in Asian trade, providing some relief after Tuesday's bond selloff and amid a stalemate in the Middle East. For Wednesday, the minutes of the Federal Reserve's July meeting might provide fresh input into its thinking regarding the policy path ahead. "The market is hoping that the minutes, along with [Fed Chairman Kevin] Warsh's first speech at the Jackson Hole symposium next week, will provide guidance on whether the interpretation of the Fed and economic developments is correct," SEB's Karl Steiner says in a note. The 10-year Treasury yield falls 1.8 basis points to 4.686%, while the 30-year yield declines 1.5 basis points to 5.269%, according to Tradeweb. The 30-year yield hit a 19-year high of 5.337% on Tuesday.

 

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