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Analyst: If Powell hints at a slowdown in the pace of interest rate cuts, U.S. Treasury yields may rise further.
Golden Finance reports that U.S. Treasury yields dipped slightly during the European session. However, Exness financial market strategist Inki Cho stated in the report that yields may rise again ahead of the Jackson Hole annual meeting. Fed Chairman Powell is scheduled to speak on Friday. Cho mentioned that if investors' recent bets on a Fed rate cut retract, yields may rise. "If Powell's tone suggests a slowdown in the pace of rate cuts, yields could climb further."