US Treasuries Get Lift from Weak Data — TradingView News

Markets: US TSYS faded a bit after firming across curve after weak Philly Fed and rise in weekly claims. Headlines also coming out of Jackson Hole KC Fed event. Stocks are once again wobbly. Still, markets lack direction as total effects of tariffs on growth, employment and inflation are unknown and therefore Fed policy is unclear. News that WH pondering 10% stake in Intel is garnering attention. Another tidbit is news that Pres Trump has personally bought ~$100m in US municipals, US banks and global corporate bonds since January 21. Tsy will announce estimated $69B 2s, $70B 5s, $44B 7s for next week. Wed’s $16B new 20Y sale awarded at 4.876% with b/c 2.54. But non-dealers won decent 87% of competitive bids. Trades ~4.885 now. Markets hope to get guidance from Fed Chair Powell at Jackson Hole. It might be a bust, tho, because many Fed members wantb to see PCE on 8/28, jobs on 9/5 and PPI, CPI on 9/10-11. Labor Day 9/1, exactly on…