U.S. Treasuries were little changed in early trading ahead of a string of economic data, while Federal Reserve Chair Jerome Powell’s speech at Jackson Hole is scheduled for Friday.
Meanwhile, the Fed’s July minutes were “predictably hawkish—excluding the two dissenting voters—but may not say much about the thinking of the Committee now, given clear signs of a weakening labor market in recent data,” SEB’s U.S. economist and Fed watcher Elisabet Kopelman said in a note.
U.S. data on Thursday include weekly jobless claims and flash estimate purchasing managers indexes. The two-year Treasury yield was up 1 basis point at 3.753%, the 10-year yield was unchanged at 4.296%, while the 30-year yield eases 0.4 basis point to 4.899%, according to Tradeweb.
