US TREASURY YIELDS RISE AHEAD OF FED CHAIRMAN WARSH SPEECH

US Treasury yields edged higher for a second consecutive day as investors prepared for Federal Reserve Chairman Kevin Warsh's speech at Jackson Hole on Friday. Some investors anticipated a hawkish tone from Warsh on monetary policy.

Warsh has yet to earn the trust of his central-bank colleagues or financial-market participants, according to reports. Concerns centre on his approach to curbing inflation and his ties to the White House. The Jackson Hole speech presents an opportunity for Warsh to address these reservations.