U.S. Treasury bonds rebound, JPMorgan believes Powell's risks remain ever-present

U.S. Treasury bonds regained some ground on Friday after losing ground earlier in the week, while the dollar fell as the weekend approached. This past week, discussions about the Federal Reserve's policy direction and leadership became the focus of the market. The yield on the 10-year U.S. Treasury bond dipped slightly to 4.45%, rising only 3 basis points this week, while the 30-year Treasury yield is expected to fall below 5% for the first time since Monday. The Bloomberg Dollar Index fell 0.2%, following a speech by a Federal Reserve policymaker who publicly urged for a rate cut later this month. It has been a turbulent week for U.S. Treasuries. Ongoing inflation pressures prompted traders to cut the probability of a rate cut in September, and speculation about President Donald Trump potentially firing Federal Reserve Chairman Jerome Powell also unsettled the market, causing the 30-year yield to rise above 5% for the first time since May