U.S. Treasury yields were slightly lower on Thursday ahead of the Federal Reserve’s meeting in Jackson Hole.
The yield on thefell 2 basis points to 3.298%, while the yield on the short-term 2-year Treasury note dropped 3 basis points to 3.354%. Yields move inversely to prices, and a basis point is equal to 0.01%.
Investors will be keenly watching for news from the economic symposium, which is expected to deliver an indication of the U.S. central bank's position on the extent of further rate hikes needed to combat inflation.Download NBC 5 Dallas-Fort Worth
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