On Wednesday, U.S. Treasury yields rose, with the 10-year note increasing by 4 basis points to 4.461%. The 2-year note also saw a rise of 3 basis points, trading at approximately 4.17%, while the 30-year Treasury yield climbed by 5 basis points.
Investors are particularly focused on Warsh's speech at the European Central Bank's annual policy forum, where he will discuss the Fed's monetary policy direction. The market is currently pricing in a 66.3% probability that the Fed will maintain interest rates at its July meeting, with a 66.9% chance of a quarter-point hike in September.
Additionally, investors are awaiting key economic data, including the ISM Manufacturing PMI and ADP employment figures, which could further impact market expectations