Report published August 25, 2026
Natixis Daily Update: Markets Await Jackson Hole, US PCE, and European Inflation Signals
Source and citation context
- Issuer
- Natixis
- Report date
- August 25, 2026
- Analysis as of
- Not stated in source
Finvaulta summarizes Natixis's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Markets have entered a wait-and-see pattern ahead of the Jackson Hole symposium, US PCE inflation, and Nvidia earnings. European energy supply concerns remain an upside risk to inflation while rates and credit traded with muted, mixed directional moves.
Key Takeaways
- 1.Markets are in a wait-and-see stance ahead of Jackson Hole, Kevin Warsh's speech, and US PCE inflation data.
- 2.European energy pressures and low gas storage levels pose upside risks to inflation, with markets pricing ~44-45 bp of ECB rate hikes by year-end.
- 3.Corporate credit spreads tightened modestly with active primary issuance, though tech credit faced widening pressure ahead of Nvidia earnings.
Table of Contents
- MARKET LINES
- Rates
- FX
- Equities
- Credit
- HIGHLIGHTS
- DAY AHEAD
- MARKET RECAP
- INDUSTRY NEWS
- Banks
- Real Estate
- Tech & data
- RESEARCH HIGHLIGHTS
- RESEARCH LATEST FORECASTS
- RESEARCH EVENTS
- DISCLAIMERS
Report data
MARKET RECAP
| Metric | Estimate | Context |
|---|---|---|
| 10-Year US Treasury Yield | 4.70% | 10Y-UST yield close |
| 10-Year German Bund Yield | 3.25% | 10-year Bund closing yield |
| 2-Year German Schatz Yield | 2.87% | 2-year Schatz yield |
| 10Y OAT-Bund Spread | 87 bps | French-German 10-year sovereign spread |
| ECB Rate Hikes Priced by Year-End | 44 bps | Market pricing for ECB rate hikes by the end of the year |
Reports in this series
Morning Line Express is shown in chronological order through this edition, published on August 25, 2026.
Part of the Morning Line Express series — view all 9 editions
Looking for the latest edition? Nvidia lifts sentiment before Jackson Hole (Aug 26, 2026)
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Reported Data Context
- 10-Year US Treasury Yield: 4.70 % (2026-08-24) · Source: Bloomberg
- 10-Year German Bund Yield: 3.25 % (2026-08-24) · Source: Bloomberg
- 2-Year German Schatz Yield: 2.87 % (2026-08-24)
- 10Y OAT-Bund Spread: 87 bps (2026-08-24) · Source: Bloomberg
- ECB Rate Hikes Priced by Year-End: 44 bps (Year-end 2026)
Securities
Themes
Regions
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