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Daily brief

Treasuries Soar as Tech-Stock Selloff Stokes Haven Demand, 10s +4bp

Thu 05 Nov 2026

Treasuries (close 2026-11-03): 2s 4.61% (+2.0bp), 10s 4.95% (+4.0bp), 30s 5.32% (+4.0bp).

Tape (close 2026-11-03): VIX 16.61, 2s10s +32bp.

Narrative: Oil Crashes 9% as Trump and Vance Blame Iran War for Midterm Rout

What mattered:

  • Treasuries Soar as Tech-Stock Selloff Stokes Haven Demand
  • Bank of England raises rates for first time since 2023, warns another move likely
  • Fed's Hammack: Monetary policy needs to move to restrictive stance.
  • Bank of England raises rates for first time since 2023, says more may come
  • Nonfarm Productivity: 3.6
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