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Germany
HCOB Services PMI: 51.7, 10s -17bp · Fri 23 Oct 2026
Treasuries (close 2026-10-22): 2s 4.65% (-16.0bp), 10s 4.96% (-17.0bp), 30s 5.29% (-13.0bp).
Tape (close 2026-10-22): VIX 19.03, 2s10s +31bp.
Narrative: Gold struggles to extend recovery from three-month low amid Fed hike bets, firm USD
What mattered:
- Germany · HCOB Services PMI: 51.7
- Eurozone · HCOB Services PMI: 51.7
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