Investors clamoring for the Federal Reserve to come off the sidelines and cut interest rates in September might want to pay close attention to the bond market. The $28 trillion Treasury market's yield curve has been steepening on expectations that Fed Chair Jerome Powell could use his annual speech at the central bank's Jackson Hole, Wyo., summer economic symposium on Friday to keep the door open for further rate cuts. The policy-sensitive 2-year Treasury yield BX:TMUBMUSD02Y has dropped sharply to 3.8% from around 4.4% since the Fed last lowered rates in December, reflecting growing confidence around the ... (full story)