Market Data Brief - 2026-08-25

This brief summarizes the latest records available in Vox’s local investdatar caches. Dates shown in source details are data dates, not publication promises.

Source cutoff: 2026-08-25 UTC. Yahoo daily bars through 2026-08-25 UTC are treated as provisional and excluded from close-based summaries.

RSS Updates

RSS publication window: after 2026-08-24 through 2026-08-25 UTC.

The Federal Reserve Board released minutes covering its July 20 and July 29, 2026 meetings to review and determine discount rates available to depository institutions through the discount window. The release is primarily a monetary-policy-process disclosure rather than a new policy decision on August 25. Its most important interpretive point is institutional: the Board explicitly distinguishes the process for setting the discount rate from the Federal Open Market Committee’s process for setting the federal funds target range. That distinction limits what can safely be inferred from the announcement alone. The provided material establishes that the Board had conducted two recent discount-rate reviews and subsequently published their minutes, but it does not provide enough substantive detail to characterize individual Reserve Bank recommendations, the balance of views, or any change in the discount rate itself. Publicly, the release therefore adds transparency about the administration of the discount window and the timing of Board deliberations without, on the supplied evidence, supporting a claim that the federal funds policy stance changed.

Update details:

atlfed_gdpnow

• no items published after 2026-08-24 through 2026-08-25

sec_press_releases

• no items published after 2026-08-24 through 2026-08-25

fed_press_all

• 2026-08-25 18:00:00 | Minutes of the Board’s discount rate meetings on July 20 and July 29, 2026 https://www.federalreserve.gov/newsevents/pressreleases/monetary20260825a.htm

cftc_press_releases

• no items published after 2026-08-24 through 2026-08-25

FRED Shock Summary

The August 25 observations show a broad decline in Treasury yields alongside essentially unchanged overnight policy and funding benchmarks. SOFR rose 1 basis point to 3.66%, while EFFR and OBFR remained at 3.63% and IORB stayed at 3.65%. That leaves SOFR 1 basis point above IORB and EFFR/OBFR 2 basis points below it, a small configuration rather than a large dislocation in the supplied overnight rates.

Further out the curve, the 2-year Treasury yield fell 7 basis points to 4.17%, while the 10-year and 30-year yields each fell 6 basis points, to 4.64% and 5.17%. The 10-year-minus-2-year spread consequently edged from 0.46 to 0.47 percentage point, so the curve steepened only marginally even as yields declined across maturities. The 10-year inflation-indexed yield also fell 6 basis points to 2.32%. The difference between the nominal and inflation-indexed 10-year yields was therefore 2.32 percentage points, unchanged from the prior observation, indicating that the parallel 6-basis-point declines left this simple nominal-real gap stable.

Credit spreads were notably steadier than government yields. The broad investment-grade OAS remained 0.81%, BBB OAS stayed at 1.00%, broad high-yield OAS widened only 1 basis point to 2.70%, BB widened 1 basis point to 1.58%, and CCC-and-lower widened 3 basis points to 10.39%. Moody’s seasoned Baa yield fell 7 basis points to 6.26%. Taken together, the deterministic observations describe a session dominated by lower Treasury and corporate bond yields, with only very small spread changes and somewhat greater widening confined to the lowest-rated high-yield segment.

Update details:

• Secured Overnight Financing Rate [SOFR, unit=Percent]: latest 3.66 on 2026-08-25; previous 3.65 on 2026-08-24.
• Effective Federal Funds Rate [EFFR, unit=Percent]: latest 3.63 on 2026-08-25; previous 3.63 on 2026-08-24.
• Overnight Bank Funding Rate [OBFR, unit=Percent]: latest 3.63 on 2026-08-25; previous 3.63 on 2026-08-24.
• Interest Rate on Reserve Balances (IORB Rate) [IORB, unit=Percent]: latest 3.65 on 2026-08-25; previous 3.65 on 2026-08-24.
• Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis [DGS2, unit=Percent]: latest 4.17 on 2026-08-25; previous 4.24 on 2026-08-24.
• Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis [DGS10, unit=Percent]: latest 4.64 on 2026-08-25; previous 4.70 on 2026-08-24.
• Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis [DGS30, unit=Percent]: latest 5.17 on 2026-08-25; previous 5.23 on 2026-08-24.
• Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed [DFII10, unit=Percent]: latest 2.32 on 2026-08-25; previous 2.38 on 2026-08-24.
• 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity [T10Y2Y, unit=Percent]: latest 0.47 on 2026-08-25; previous 0.46 on 2026-08-24.
• ICE BofA US Corporate Index Option-Adjusted Spread [BAMLC0A0CM, unit=Percent]: latest 0.81 on 2026-08-25; previous 0.81 on 2026-08-24.
• ICE BofA US High Yield Index Option-Adjusted Spread [BAMLH0A0HYM2, unit=Percent]: latest 2.70 on 2026-08-25; previous 2.69 on 2026-08-24.
• ICE BofA BBB US Corporate Index Option-Adjusted Spread [BAMLC0A4CBBB, unit=Percent]: latest 1.00 on 2026-08-25; previous 1.00 on 2026-08-24.
• ICE BofA BB US High Yield Index Option-Adjusted Spread [BAMLH0A1HYBB, unit=Percent]: latest 1.58 on 2026-08-25; previous 1.57 on 2026-08-24.
• ICE BofA CCC & Lower US High Yield Index Option-Adjusted Spread [BAMLH0A3HYC, unit=Percent]: latest 10.39 on 2026-08-25; previous 10.36 on 2026-08-24.
• Moody’s Seasoned Baa Corporate Bond Yield [DBAA, unit=Percent]: latest 6.26 on 2026-08-25; previous 6.33 on 2026-08-24.

Yahoo Shock Summary

The August 25 cross-asset observations show a pronounced bond and energy move alongside much smaller changes in broad equity, currency, and crypto benchmarks. AGG gained 0.47%, consistent with stronger aggregate-bond prices in the supplied data. Oil moved sharply in the opposite direction: Brent fell 3.89% and WTI declined 3.12%, while DBC lost 1.65%. The combination identifies commodity weakness as one of the day’s clearest cross-asset features without establishing its cause.

Equity performance was highly dispersed rather than uniformly risk-on or risk-off. The CSI 300 slipped 0.24%. Among the listed U.S. and semiconductor-related names, AMD rose 4.91%, ASML gained 0.23%, while AAPL fell 0.14%, AMZN 0.39%, and AVGO 0.56%. Crypto-linked equities were comparatively strong: COIN advanced 4.28% and BMNR rose 2.82%, even though Bitcoin itself declined 0.51%. That divergence shows that the listed crypto-sensitive equities did not simply mirror the day’s Bitcoin return.

Currency changes were subdued. DXY eased 0.08%, while USD/CNH was essentially unchanged, with the supplied percentage move at -0.05%. Overall, the packet depicts a day with falling oil and broader commodity prices, firmer aggregate bonds, nearly flat major currency measures, modest weakness in several large-cap equities, and sharp gains concentrated in a few individual technology and crypto-linked stocks. The dispersion is more informative than any single broad risk label because the supplied assets moved in materially different directions.

Update details:

• 000300.SS [CSI 300 Index.]: latest completed close 4552.03 on 2026-08-25; previous close 4563.13 on 2026-08-24 (delta -11.10, -0.24%).
• AAPL: latest completed close 309.90 on 2026-08-25; previous close 310.34 on 2026-08-24 (delta -0.44, -0.14%).
• AGG [iShares Core U.S. Aggregate Bond ETF.]: latest completed close 98.01 on 2026-08-25; previous close 97.55 on 2026-08-24 (delta 0.46, 0.47%).
• AMD: latest completed close 479.18 on 2026-08-25; previous close 456.75 on 2026-08-24 (delta 22.43, 4.91%).
• AMZN: latest completed close 261.06 on 2026-08-25; previous close 262.07 on 2026-08-24 (delta -1.01, -0.39%).
• ASML: latest completed close 1744.16 on 2026-08-25; previous close 1740.13 on 2026-08-24 (delta 4.03, 0.23%).
• AVGO: latest completed close 356.74 on 2026-08-25; previous close 358.76 on 2026-08-24 (delta -2.02, -0.56%).
• BMNR: latest completed close 24.82 on 2026-08-25; previous close 24.14 on 2026-08-24 (delta 0.68, 2.82%).
• BTC-USD [Bitcoin quoted in U.S. dollars.]: latest completed close 78564.98 on 2026-08-25; previous close 78964.48 on 2026-08-24 (delta -399.51, -0.51%).
• BZ=F [Brent crude oil futures contract.]: latest completed close 88.58 on 2026-08-25; previous close 92.17 on 2026-08-24 (delta -3.59, -3.89%).
• CL=F [WTI crude oil futures contract.]: latest completed close 82.36 on 2026-08-25; previous close 85.01 on 2026-08-24 (delta -2.65, -3.12%).
• CNH=X [USD/CNH exchange rate on Yahoo Finance (offshore renminbi).]: latest completed close 6.72 on 2026-08-25; previous close 6.72 on 2026-08-24 (delta 0.00, -0.05%).
• COIN: latest completed close 187.16 on 2026-08-25; previous close 179.48 on 2026-08-24 (delta 7.68, 4.28%).
• DBC [Invesco DB Commodity Index Tracking Fund.]: latest completed close 30.43 on 2026-08-25; previous close 30.94 on 2026-08-24 (delta -0.51, -1.65%).
• DX-Y.NYB [U.S. Dollar Index (DXY), a basket-based measure of USD strength against major foreign currencies.]: latest completed close 98.92 on 2026-08-25; previous close 99.00 on 2026-08-24 (delta -0.08, -0.08%).