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Morning briefing · Aug 24, 2026

Rate regime in transition: front-end yields anchor while long end reprices inflation risk

Fed communication this week reinforced a higher-for-longer baseline. We walk through what it means for bond allocations, muni ratios, and credit exposure inside long-term portfolios.

8 min readFixed IncomeUpdated 6:30 AM ET

Market alerts Live

10Y yield breaks 4.25% intraday

Treasuries · 9:14 AM ET

Muni-Treasury ratio hits 78% on 10Y

Municipals · 8:42 AM ET

IG OAS tightens 3bp, best level in 6 weeks

Credit · 7:55 AM ET

FOMC minutes release at 2:00 PM ET

Macro · Scheduled

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