Analyst: If Powell Hints at a Slower Pace of Rate Cuts, US Treasury Yields May Rise Further

According to a report by Jinse Finance, U.S. Treasury yields edged lower during the European session. However, Exness financial market strategy advisor Inki Cho stated in a report that yields may rise again ahead of the Jackson Hole Symposium. Federal Reserve Chair Jerome Powell is scheduled to speak on Friday. Cho noted that if investors' recent bets on Fed rate cuts ease, yields could climb. "If Powell's tone suggests a slower pace of rate cuts, yields may rise further."