Long-Dated Yields Edge Higher Ahead of Warsh Speech

US stocks remained subdued as Wall Street opened with limited movement ahead of Federal Reserve Chair Kevin Warsh’s scheduled address at Jackson Hole. Investors are seeking clarity regarding his economic outlook and the specific strategy intended to return inflation to target levels. Meanwhile, long-dated yields edged higher. Freya Beamish of TS Lombard noted that the bond market is currently pricing in the potential influence of both Bessent and Warsh during this critical period of economic uncertainty.