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DAILY BRIEF

Germany · GfK Consumer Confidence Survey: -30.6, 10s +7bp · Fri 25 Sep 2026

Treasuries (close 2026-09-24): 2s 4.87% (+2.0bp), 10s 5.18% (+7.0bp), 30s 5.47% (+7.0bp).

Tape (close 2026-09-24): VIX 14.21, 2s10s +36bp.

Narrative: Global Selloff in Bonds Intensifies

What mattered:

• Germany · GfK Consumer Confidence Survey: -30.6

• US Treasury yields rise as 30-year bond hits 22-year high

• US Treasury yields rise as 30-Year yield hits 22-year high

• US bond sell-off pushes long-term yields to highest since 2004

• Fed’s Hammack says policy still isn’t restrictive despite high inflation

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