U.S. Treasury yields edged higher on Wednesday morning, as investors geared up for the Federal Reserve's Jackson Hole symposium.
" that based on the improved economic data he believed that the Fed could start to talk about tapering, but that this would become more of a discussion at its September policy meeting.
"We believe that rate hikes are still a long way away, definitely not a 2021 story, more of a 2022 story and that tapering will be coming more towards the end of the year," he said.Auctions will be held on Wednesday for $30 billion of 119-day bills, $61 billion of 5-year notes and $26 billion of 2-year floating-rate notes.
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