Daily brief
Wall Street Piles On Rate-Hike Bets as Warsh Renews Hawkish Tone, 10s +1bp
desk brief, Fri 28 Aug 2026
Treasuries (close 2026-08-27): 2s 4.2% (+1.0bp), 10s 4.67% (+1.0bp), 30s 5.19% (+1.0bp).
Tape (close 2026-08-27): VIX 14.51, 2s10s +47bp.
Narrative: Gold prices shed about 3% on hawkish Warsh at Jackson Hole, set for weekly decline
What mattered:
- Wall Street Piles On Rate-Hike Bets as Warsh Renews Hawkish Tone
- Gold prices shed about 3% on hawkish Warsh at Jackson Hole, set for weekly decline
- A Hawkish Fed Speech Turns a Green Morning Red
- "We Have Work to Do": Fed Chair Kevin Warsh Expresses Concern Over Inflation in Closely Watched Jackson Hole Speech
- Fed Chair Warsh Turns Hawkish At Jackson Hole; Gold, Bitcoin Fall