Report published August 24, 2026
Raymond James Fixed Income Weekly Primer: Treasury Yield Volatility, Buyback Expansion, and Fed Policy Outlook
Source and citation context
- Issuer
- Raymond James
- Report date
- August 24, 2026
- Analysis as of
- August 24, 2026
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.
Fixed income yields moved higher across Treasuries, corporates, and municipals despite the Treasury's announcement doubling long-term buybacks. Key catalysts ahead include July PCE inflation data and FOMC Chair Kevin Warsh's speech at Jackson Hole.
Key Takeaways
- 1.Treasury yields ended the week 2 to 7 bps higher across the curve as an initial rally driven by Treasury buyback expansion reversed amid fiscal deficit concerns, corporate issuance, and geopolitical tensions.
- 2.The U.S. Treasury announced it would at least double buyback operations for 10- to 30-year Treasuries, indicating official concern over long-term yield levels.
- 3.Key upcoming events include Treasury Secretary Scott Bessent's Iran economic plan, July Core PCE data, and FOMC Chair Kevin Warsh's Jackson Hole speech.
Table of Contents
- Fixed Income Solutions
Report data
Fixed Income and Equities Market Rates Table — as of August 24, 2026.
| Metric | Estimate | Context |
|---|---|---|
| 10-Year Treasury Yield | 4.740% | Yield on the 10-year US Treasury benchmark |
| 30-Year Treasury Yield | 5.270% | Yield on the 30-year US Treasury benchmark |
| Core PCE YoY (Survey) | 3.3% | Bloomberg survey estimate for July Core PCE YoY |
| Brokered CD Average Rate (3M to 1Y) | 3.90% | Average rate for 3-month to 1-year brokered CD maturities |
Reports in this series
Fixed Income Weekly Primer is shown in chronological order through this edition, published on August 24, 2026.
Part of the Fixed Income Weekly Primer series — view all 8 editions
Looking for the latest edition? tfi weekly primer (Aug 31, 2026)
- May 13tfi weekly primer
- May 19tfi weekly primer
- Jun 2tfi weekly primer
- Jun 9tfi weekly primer
- Jun 15tfi weekly primer
- Jul 20tfi weekly primer
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Reported Data Context
- 10-Year Treasury Yield: 4.740 % (2026-08-24) · Source: Bloomberg LP, Raymond James
- 30-Year Treasury Yield: 5.270 % (2026-08-24) · Source: Bloomberg LP, Raymond James
- Core PCE YoY (Survey): 3.3 % (July 2026) · Source: Bloomberg surveys
- Brokered CD Average Rate (3M to 1Y): 3.90 % (Week ended 2026-08-24) · Source: Raymond James