Analyst: If Powell suggests a slowdown in rate cuts, US bond yields may further rise.

The US Treasury bond yields fell slightly during the European session. However, Exness financial market strategist Inki Cho stated in a report that yields may rise again before the Jackson Hole Symposium. Federal Reserve Chairman Powell is scheduled to speak on Friday. Cho said that if investors' bets on a Fed rate cut in the near term diminish, yields may increase. "If Powell's tone suggests a slowdown in rate cuts, yields may further climb."