Daily brief
Blowout October payrolls data sets up Federal Reserve December rate ri, 10s -5bp
Fri 06 Nov 2026
Treasuries (close 2026-11-04): 2s 4.58% (-3.0bp), 10s 4.9% (-5.0bp), 30s 5.28% (-4.0bp).
Tape (close 2026-11-04): VIX 28.18, 2s10s +38bp.
Narrative: Fed Officials Pointing Toward Additional Interest Rates Hikes to Beat Inflation
What mattered:
- Blowout October payrolls data sets up Federal Reserve December rate rise
- Nonfarm Payrolls: 165K
- Fed Officials Pointing Toward Additional Interest Rates Hikes to Beat Inflation
- Daly says Fed rate hike likely, despite ’painful’ tech-stock dive
- Fed’s Daly says further rate hikes likely needed to curb inflation