US 10-Year Yield Holds Advance

The yield on the 10-year US Treasury note held above 4.33% on Tuesday after rising for three consecutive sessions, as investors awaited the Federal Reserve’s annual Jackson Hole symposium and the release of its July meeting minutes. Central bankers and policymakers from around the world will convene in Wyoming later this week to discuss labor market trends, while traders look for signals on the future path of interest rates. Fed Chair Jerome Powell is also expected to deliver remarks on the economic outlook and the Fed’s policy framework. Meanwhile, attention is turning to the July FOMC minutes, where multiple governors dissented for the first time since late 1993. Fed officials Michelle Bowman and Christopher Waller favored a quarter-point rate cut against the majority decision to hold steady. On the data front, markets will parse upcoming reports on housing starts, home sales and jobless claims, alongside earnings from major US retailers for insights into consumer strength.