Deutsche Bank: Powell's speech is not expected to have a significant impact on US Treasury yields

Deutsche Bank economists said in a report that historical data shows that U.S. Treasury yields may react to Fed Chairman Powell's speech at Jackson Hole on Friday, but the range is only 5 basis points. Nevertheless, the market "will still look for any clues about how the FOMC will deal with the timing, pace and magnitude of future rate cuts, and any substantive signals may have a significant impact on the market." (Jinshi)