After Federal Reserve Chairman Walsh made hawkish remarks in his speech at Jackson Hole, the US Treasury yield curve leveled off sharply, short-term treasury yields rose, while longer-term treasury yields declined slightly. The yield on US 2-year treasury bonds rose by as much as 5 basis points to 4.28%, the highest level since July 31. The OIS contract corresponding to the Federal Reserve's session reflects a slight increase in the possibility of interest rate hikes this year. The next interest rate decision on September 16, which is about half of the 0.25 percentage point tightening implied by the swap agreement. The market expected a contraction of about 10 basis points before the end of the year; the market also implied that interest rate hikes would be about 33 basis points before the end of the year.

After Federal Reserve Chairman Walsh made hawkish remarks in his speech at Jackson Hole, the US Treasury yield curve leveled off sharply, short-term treasury yields rose, while longer-term treasury yields declined slightly. The yield on US 2-year treasury bonds rose by as much as 5 basis points to 4.28%, the highest level since July 31. The OIS contract corresponding to the Federal Reserve's session reflects a slight increase in the possibility of interest rate hikes this year. The next interest rate decision on September 16, which is about half of the 0.25 percentage point tightening implied by the swap agreement. The market expected a contraction of about 10 basis points before the end of the year; the market also implied that interest rate hikes would be about 33 basis points before the end of the year.