Treasury Yields Turn Higher, Eurozone Bond Yields Drop

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, November 6, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

U.S. Treasury yields rose on Friday ahead of the release of October employment figures, while German bond yields stayed near multimonth lows. This shift followed a decline in technology stocks triggered by the Democratic Party’s victory in the midterm elections. Investors sought safe-haven assets as they anticipated potential legislative gridlock between a Republican presidency and a Democratic Congress. Julius Baer analyst Afonso Borges stated that policy-rate expectations, rather than issuance, are the primary cyclical driver of U.S. Treasury yields.

Background

• The 10-year Treasury yield traded 1.2 basis points higher at 4.848%, according to Tradeweb, while the DXY dollar index reached a one-week high.
• German 10-year Bund yields fell to 3.208%, their lowest level since late August, before moving slightly higher.
• Analysts surveyed by a financial news outlet projected 59,000 new jobs in October, compared with 29,000 in September.
• Money markets priced in 42 basis points of Federal Reserve interest-rate hikes over the next 12 months, according to LSEG.

Read the full article at wsj.com

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