The US 10-year government bond yield fell over 2 basis points to 4.7120%, the 30-year government bond yield fell over 2 basis points to 5.2497%, and the 2-year government bond yield fell over 1 basis point to 4.2209%. The market is awaiting the speech by Federal Reserve Chairman Kevin Warsh at the Jackson Hole annual meeting on Friday. This meeting comes at a time of pressure in the bond market, stubborn inflation, and soaring US government bond yields. Previously, the US Treasury Department announced an expanded debt buyback program last week to ease pressure on the long end of the yield curve, but borrowing costs still reached multi-decade highs.