The US bond market is stable while investors focus on the upcoming speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole economic symposium.
Bond Market
On Friday morning, the US bond market remained largely unchanged, with the 10-year Treasury yield holding at 4.332%, while the 2-year rose by less than one basis point to 3.8%.
Expectations for Jerome Powell's Speech
Wall Street traders were not paying attention to yields; all eyes were on Powell's upcoming speech. Investors are looking for clear signals about the future monetary policy as the Jackson Hole symposium features many major central bank names.
Currency Market Activity
Currency markets have turned aggressive since Monday, with traders betting on dollar strength due to expectations that Powell will not tilt dovish. The dollar index is on track to close the week up 0.7%.
With Jerome Powell's upcoming speech and expectations regarding monetary policy, traders are actively adjusting to potential shifts in currency markets.
