Mixed treasury yields await investors ahead of Fed Chair Powell's Jackson Hole speech.

On Friday, the U.S. 10-year Treasury slightly decreased as investors anticipated Federal Reserve Chair Jerome Powell's comments at the annual Jackson Hole symposium.

The 10-year Treasury yield decreased by a basis point to 3.85% at 4:08 a.m. ET, while the 2-year Treasury yield increased by a basis point to 4.01%.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

On Friday, Powell will give a highly anticipated speech at Jackson Hole, and market participants are preparing for new information on the U.S. central bank's interest rate cut plans.

The Fed's July meeting minutes revealed that most central bank officials believed it would be appropriate to ease policy at the next meeting if the data remained on track.

The Fed's next meeting is expected to result in an interest rate cut, with traders pricing in a 76% chance of a 25-basis-point cut and almost one-quarter pricing in a 50-basis-point cut, according to the CME Group's FedWatch Tool.

The release of new home sales figures for July is expected to occur at approximately 10 a.m. ET on Friday.