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On the way to Jackson Hole!

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Treasury yields were choppy in initial measures pending Chairman Powell’s speech on Friday There was little reaction from GDP or claims data, although marginal increases in GDP growth and consumption and claims tightening weighed in. Bonds have already pared their earlier gains after comments from the KC Fed’s George Fed, who suggested the FOMC would have to push rates up into restrictive territory, perhaps above 4%, and keep them there to reduce demand.

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Stuart Cowell

Chief Market Analyst

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With over 25 years’ experience working for a range of globally recognized organizations in the City of London, Stuart Cowell is a passionate advocate of keeping things simple, doing what’s likely and understands how news, charts and sentiment work together to deliver trading opportunities across all asset classes and all time frames.

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