U.S. Treasury yields dipped slightly on Thursday as investors braced for jobs data and the start of the Federal Reserve’s annual Jackson Hole symposium, the first under Chair Kevin Warsh. The 10-year Treasury yield fell to 4.645%, the 30-year yield to 5.161% and the 2-year yield to 4.211%. Markets are pricing roughly a 36% probability of a Fed rate hike in September after the central bank’s preferred inflation gauge came in slightly higher than expected. Warsh’s speech on Friday is highly anticipated as investors seek clarity on his views regarding the economy, inflation and monetary policy.
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