Treasury yields little changed as investors await Powell's Jackson Hole speech

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U.S. Treasury yields were little changed on Friday as investors awaited Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole, which will be pivotal to understanding the path of monetary policy.

At 5:22 a.m. ET, the 10-year Treasury yield rose less than one basis point to 4.337%. The 2-year Treasury yield was also less than a basis point higher at 3.795%.

One basis point is equal to 0.01% and yields and prices move in opposite directions.

The big event for investors today will be Powell’s speech in Jackson Hole, Wyoming, where global central bankers have been gathering since Wednesday for the Fed’s annual economic symposium.

Treasury yields little changed as investors await Powell's Jackson Hole speech

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