Daily brief
Oil gains over $2 on attacks on Saudi energy sites, Strait of Hormuz d, 10s +10bp
Thu 12 Nov 2026
Treasuries (close 2026-11-10): 2s 4.73% (+17.0bp), 10s 4.98% (+10.0bp), 30s 5.35% (+9.0bp).
Tape (close 2026-11-10): VIX 17.49, 2s10s +25bp.
Narrative: Daly Says More Fed Rates Hikes Likely Needed
What mattered:
- Oil gains over $2 on attacks on Saudi energy sites, Strait of Hormuz disruptions
- Daly Says More Fed Rates Hikes Likely Needed
- Fed’s Daly says more rate hikes likely needed to fight inflation
- Fed’s Daly warns AI is fueling inflation, sees more rate hikes ahead
- Fed’s Daly Says More Rate Hikes Needed to Cool Inflation