Ahead of the Fed meeting minutes release, treasurys remain stable.
On Wednesday, U.S. Treasury yields remained relatively stable as investors eagerly anticipated the publication of the minutes from the most recent Federal Reserve conference.
The yield on the decreased by less than one basis point to 3.8142% at 5:00 a.m. ET, from its previous high of 3.9999%.
Prices and yields move in opposite directions, with one basis point equal to 0.01%.
The Federal Reserve's last meeting minutes were closely watched by investors, who were hoping for a hint about a potential September interest rate cut.
Despite concerns about an economic slowdown, retail sales figures and weekly initial jobless claims data last week alleviated some investor worries about the Fed cutting interest rates.
The CME Group's FedWatch tool indicated that traders were pricing in a 69.5% chance of a 25 basis point rate cut and a 30.5% likelihood of a 50 basis point reduction for September.
The Fed's monetary policy, economy expectations, and any concerns about it will be analyzed by investors through the minutes.
Investors will closely monitor any remarks from Fed officials during the annual Jackson Hole symposium, which begins on Thursday and includes a speech from Fed Chairman Jerome Powell on Friday. Despite a light data schedule for the week, this event is expected to have a significant impact on market trends.
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