Treasuries had a mixed day of trading, closing roughly flat with the yield on the 10-year note ticking down slightly to 4.296 percent. Traders are awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium, which could impact future interest rate decisions. CME Group’s FedWatch Tool predicts an 82.9 percent chance of a rate cut in September. The Fed’s minutes from the July meeting revealed a split on inflation risks, with some officials concerned about downside risks to employment. The Fed remains prepared to respond to economic developments based on incoming data. Weekly jobless claims and other economic reports are expected on Thursday before Powell’s speech on Friday.

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