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Rates & Fed · August 24, 2026 · 1 min read

Treasury Yields Ease as Warsh's Jackson Hole Debut Looms

By Econ Data Tools Editorial Team

Published August 24, 2026

Reviewed by econ-data-tools-editorial-team

The 10-year slipped to 4.71% Monday, still near a 20-month high, as markets await the new Fed chair's first Jackson Hole address.

**10-year Treasury yield slips to 4.71%,** down roughly 3 basis points Monday and retreating after two straight sessions of gains, though it remains close to the 20-month high of 4.74% touched last week. The pullback comes as traders position ahead of Fed Chair Kevin Warsh's first Jackson Hole address on August 27-29 for signals on where policy heads next. **The Fed held its target range at 3.50%-3.75%** on July 29 — but three regional presidents (Cleveland's Beth Hammack, Minneapolis's Neel Kashkari, and Dallas's Lorie Logan) dissented in favor of a quarter-point hike, not a cut. That rare hawkish split, layered on top of firm growth data, is why markets aren't pricing in an easy path to lower rates.

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