U.S. Treasury yields fell on Wednesday as investors considered the path ahead for interest rates and awaited fresh comments from Fed Chairman Jerome Powell.
Yields and prices have an inverted relationship and one basis point equals 0.01%.Investors awaited the latest remarks from Powell, who will speak alongside central bank officials from around the world at the European Central Bank Forum on Central Banking in Sintra, Portugal, on Wednesday.
Chiefs from the Bank of England, European Central Bank and Bank of Japan will join Powell. Investors are hoping to gain fresh insights into what policymakers expect for interest rates and inflation going forward.
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