U.S. Treasury yields were mixed on Thursday as investors await signals on monetary policy from central bankers at the upcoming Jackson Hole meeting.
The yield on the benchmark 10-year Treasury note was up around 2 basis points at 4.215%, after hitting a 16-year high on Monday.
The yield on the 30-year Treasury bond climbed less than 1 basis point to 4.288%.
Richmond Fed president Thomas Barkin struck a hawkish tone on Tuesday, reiterating that the Fed needs to defend the 2% inflation target to preserve its credibility with the public.
The U.S. Treasury on Thursday will auction $80 billion in 4-week bills, $70 billion in 8-week bills and $8 billion in 29-year and six-month Treasury Inflation-Protected Securities.
Persons:
Jackson, Thomas Barkin, Barkin, — CNBC's Elliot Smith
Organizations:
Treasury, Federal, Richmond Fed, of Commerce, U.S, Securities
Locations:
Jackson Hole , Wyoming, Danville Pittsylvania County