10-Year T-Note futures drift to middle of range ahead of Powell speech.

10-Year T-Note futures traded slightly lower on Thursday, slipping to 108'19 to settle near the middle of the month's 108-to-109 range. The contract is seeing active rolling from September to December as expiration approaches. Markets digested weekly jobless claims that printed slightly above 200,000, aligning with expectations, alongside inline PCE data from earlier in the week. The 10-Year yield ticked up to 4.675%, gaining roughly one basis point on the session. Similar upward shifts were seen across the entire yield curve from the 1-Yr to the 30-Yr maturities as early buying gave way to steady selling pressure. Overall volatility remained muted as traders position themselves for Federal Reserve Chairman Jerome Powell's scheduled midday address at the Jackson Hole economic symposium on Friday.