- The 2-year Treasury yield rose more than 1 basis point to 4.1977%, while the 10-year yield held at 4.6208% and the 30-year yield was flat at 5.1711%.
- Kashkari said policymakers should start raising rates, citing strong corporate earnings and solid consumer and labor-market sentiment.
- Traders are awaiting July nonfarm payrolls, forecast to show 83,000 jobs added and unemployment unchanged at 4.2%.
- Oil prices were choppy as Iran and Oman reached an understanding on shipping flows through the Strait of Hormuz.
Quotes
“now is the time”