All Eyes on Jackson Hole Ahead of Powell Speech

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

US Treasuries snapped two days of gains as traders pared bets on a September interest-rate cut ahead of the Federal Reserve’s gathering at Jackson Hole. 

The yield on the 10-year benchmark rose four basis points to 4.33%. The two-year yield — which is more sensitive to changes in monetary policy — moved up to 3.79% Thursday in New York. 

The selloff accelerated after Fed Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if the meeting were tomorrow, citing inflation figures. Fed Chair Jerome Powell will deliver his remarks at the Jackson Hole, Wyoming, symposium on Friday morning.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall and Michael Shepard are in for Joe and Kailey. They speak with:

• Bloomberg International Economics and Policy Correspondent Michael McKee.
• EY-Parthenon Senior Economist Lydia Boussour.
• Host of Bloomberg Law on Bloomberg Radio June Grasso.
• Bluestack Strategies Founder Maura Gillespie and Lift Our Voices Co-Founder Julie Rogisnky.
• Bloomberg Texas Bureau Chief Julie Fine.
• Republican Congresswoman Nicole Malliotakis of New York.

See omnystudio.com/listener for privacy information.