10-year Treasury yield holds above 3% as investors await economic data

U.S. Treasury yields moved slightly lower on Tuesday as investors monitored a fresh batch of economic data and looked ahead to the Jackson Hole economic symposium later in the week. The yield on the benchmark 10-year Treasury note fell about 2 basis points to 3.01% at about 4:35 a.m. ET, holding above the 3% level after surpassing it for the first time in a month in the previous session. … The market moves come ahead of U.S. Federal Reserve Chairman Jerome Powell’s comments on Friday at the central bank’s annual Jackson Hole economic symposium. Powell is expected to deliver a speech addressing the central bank’s approach to taming inflation.
Source: CNBC – Bonds