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