Daily brief
Fed’s Musalem says more rate hikes needed to reach 2% target, 10s -6bp
Fri 09 Oct 2026
Treasuries (close 2026-10-08): 2s 4.75% (-2.0bp), 10s 5.22% (-6.0bp), 30s 5.6% (-7.0bp).
Tape (close 2026-10-08): VIX 15.41, 2s10s +47bp.
Narrative: Trump says he doesn't want Iran deal as U.S. reportedly prepares for 'massive bombing'
What mattered:
- Fed’s Musalem says more rate hikes needed to reach 2% target
- Treasuries Slip on Inflation Worry as Energy Costs Stay High
- Pimco CIO warns 10-year Treasury yield could reach 6% - report
- US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco’s Ivascyn tells FT
- Saudi-led Coalition: We're carrying out a wide-ranging operation targeting Yemen's Houthi elements and capabilities.