Daily brief
Hot U.S. inflation hasn’t cooled off. Rising consumer prices to keep F, 10s -6bp
Mon 09 Nov 2026
Treasuries (close 2026-11-05): 2s 4.46% (-12.0bp), 10s 4.84% (-6.0bp), 30s 5.25% (-3.0bp).
Tape (close 2026-11-05): VIX 28.18, 2s10s +35bp.
Narrative: Trump after talks with the Gatari leader: Qatar would rather see a peaceful solution with Iran, but the US is ready
What mattered:
- Hot U.S. inflation hasn’t cooled off. Rising consumer prices to keep Fed rate hike on track.
- Arab and Muslim leaders in push to stop Trump from reigniting Iran war
- Trump after talks with the Gatari leader: Qatar would rather see a peaceful solution with Iran, but the US is ready for strikes if necessary
- Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran
- Brent Crashes 7% on Iran Peace Hopes Despite Fresh Saudi Pipeline Attack