U.S. Treasury Yields Edge Lower as Fed's Powell Hints at October Rate Cut

Group 1 - U.S. Treasury yields are trading marginally lower across maturities as the Federal Reserve is likely to cut interest rates at its upcoming meeting [1][2] - Fed Chair Jerome Powell indicated that the central bank is on track to cut rates to address job market weakness, despite ongoing concerns about persistent inflation [2] - The two-year Treasury yield decreased by 1.1 basis points to 3.467%, the 10-year Treasury yield fell by 0.7 basis points to 4.014%, and the 30-year Treasury yield was down 0.7 basis points to 4.616% [2]