U.S. Treasury yields were mixed on Tuesday as investors fretted over what could be ahead for interest rates and awaited the latest economic data.
Yields and prices have an inverted relationship and one basis point is equivalent to 0.01%.
Investors weighed the outlook for interest rates as they awaited remarks from Federal Reserve officials and fresh economic data.Sign up for NBC Philadelphia newsletters. Richmond Fed President Tom Barkin, Chicago Fed President Austan Goolsbee and Fed Governor Michelle Bowman are among those set to speak on Tuesday. On the data front, existing home sales for July will be released.
That comes ahead of the Fed's annual Jackson Hole symposium, which runs from Thursday to Saturday, and during which various Fed officials, including Chairman Jerome Powell, are expected to make remarks. Investors are hoping that the comments from policymakers and latest data will provide clues about what to expect from the economy and what this could mean for interest rates.
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