Powell avoids giving a guidance on September interest rates, US bond yields rise.

The bond market is turning Powell's comments into selling behavior in US Treasury bonds. Since 2:30 PM Eastern Time when he started answering questions from reporters, yields have been rising, in stark contrast to the previous decline in yields after the Fed's decision to maintain interest rates in the afternoon. Powell avoided giving clear guidance on the September meeting, only indicating that upcoming data will guide monetary policy. The market had expected the Fed to cut interest rates at the September meeting. As a result, the US 10-year yield rose from 4.342% when Powell took the stage to 4.378%.