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

According to Deutsche Bank economists, historical data shows that US bond yields may react to Fed Chairman Powell’s speech at Jackson Hole on Friday, but only by 5 basis points. Nevertheless, the market will still be looking for any clues from the FOMC on how they will handle future interest rate cuts in terms of timing, pace, and magnitude, as any substantial signals could have a significant impact on the market. (Jinshi)