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Report published May 19, 2026

Fixed Income Weekly Primer: Raymond James Research (May 19, 2026)

Raymond James · May 19, 2026

Fixed income yields surged last week as hotter-than-expected inflation data and geopolitical conflict in the Strait of Hormuz spooked markets. The 30-year Treasury yield crossed the 5% mark while Kevin Warsh was confirmed as the new Fed Chair.

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Finvaulta summarizes Raymond James'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.

Key Takeaways

  • 1.Yields rose across the fixed income universe driven by higher-than-expected inflation data and geopolitical tensions.
  • 2.Inflation metrics (CPI and PPI) significantly exceeded survey expectations in April.
  • 3.Kevin Warsh has been confirmed as the new Federal Reserve Chair, with Jerome Powell serving pro tempore until the swearing-in.

Table of Contents

  • Fixed Income Solutions
  • Fixed Income Weekly Primer

Report data

Market Yields and Rates Comparison

MetricEstimateContext
Year-over-year CPI3.8%Rose from 3.3% to 3.8% (3.7% was expected).
Year-over-year PPI6.0%Rose from 4.0% to 6.0% (4.8% was expected).
30-year Treasury Yield5.12%Ended the week well above the 5% threshold.
Source: Raymond James / Bloomberg; Bloomberg LP. This is a dated model snapshot, not a live forecast.

Reports in this series

Fixed Income Weekly Primer is shown in chronological order through this edition, published on May 19, 2026.

Part of the Fixed Income Weekly Primer series — view all 11 editions

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