The U.S. bond market falls into "silence" as traders await Powell's speech
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The U.S. Treasury market paused trading due to upcoming economic data releases and speeches by Federal Reserve officials. The market is closely watching jobless claims and economic growth data, which may impact the Fed's interest rate decision in November. Traders expect the Fed to cut rates three times before the end of the year, each time by 25 basis points. The yield on the 10-year U.S. Treasury bond slightly declined to 3.78%
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