Dallas Fed’s Kaplan talks dovish, says a rate cut could happen in September. Treasury yields, however, remain resilient, with the 10-year yield adding more than two basis points. Dallas Federal Reserve (Fed) President Robert Kaplan was out on the wires earlier today, stating there is potential for an interest rate cut in September. So far, however, the US Treasury yields have ignored Kaplan’s dovish comments. As of writing, the two-year yield, which closely tracks short-term interest rate expectations, is trading largely unchanged on the day at 1.63 percent. The yield hit a low of 1.60 percent at 23:50 UTC yesterday. Meanwhile, the 10-year yield has jumped from 1.618% to 1.634% in the last few minutes. The spread between the 10 and two-year treasury yields is holding just above zero. The curve had inverted (turned negative) during Wednesday’s US trading hours. Looking forward, the yields may drop if the Fed President Powell uses his speech at the Jackson Hole Symposium to set the stage for aggressive rate cuts before the year-end. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ex-BOJ member Shirai: Lower negative rates more likely FX Street 4 years Dallas Fed's Kaplan talks dovish, says a rate cut could happen in September. Treasury yields, however, remain resilient, with the 10-year yield adding more than two basis points. Dallas Federal Reserve (Fed) President Robert Kaplan was out on the wires earlier today, stating there is potential for an interest rate cut in September. So far, however, the US Treasury yields have ignored Kaplan's dovish comments. As of writing, the two-year yield, which closely tracks short-term interest rate expectations, is trading largely unchanged on the day at 1.63 percent. The yield hit a low of 1.60 percent at 23:50 UTC… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
