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U.S. Treasury Yields Tick Up Ahead of Powell Speech

Fed Chair Jerome Powell’s remarks will face political scrutiny, testing investor confidence before key economic data.

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Overview

  • The 10-year Treasury yield rose about one basis point to 4.389%, the 2-year held near 3.865%, and the 30-year climbed more than two basis points to 4.959%.
  • Investors are focused on Powell’s Washington address for guidance on the timing and scale of potential rate cuts.
  • President Trump’s calls for Powell’s removal and Treasury Secretary Scott Bessent’s proposal to review the Fed have heightened market uncertainty.
  • Traders are also monitoring this week’s data releases, including June existing home sales, weekly jobless claims and durable goods orders.
  • Longer-term sentiment remains influenced by June’s 0.3% drop in the Leading Economic Index and the looming August 1 tariff payment deadline.