U.S. Treasury Yields Fall; Eurozone Bond Yields Mixed After GDP Data

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 30, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

U.S. Treasury yields declined to multiweek lows during Asian and European trading on Friday, following recent interest-rate decisions from major central banks. The two-year yield dropped 5.8 basis points to 4.597%, while the 10-year yield fell 5.2 basis points to 4.936%, according to Tradeweb data. In Europe, bond yields for fiscally weaker nations rose, with the 10-year French OAT increasing 3.3 basis points and the Italian BTP gaining 1.5 basis points, while the German Bund yield decreased 1.4 basis points.

Background

• The Federal Reserve, European Central Bank, and Bank of Japan all held interest rates steady on Wednesday, Thursday, and Friday, respectively, despite money markets pricing in significant chances of hikes in December, according to LSEG data.
• Third-quarter GDP data showed economic disparities, with Germany’s growth rising 0.2% above expectations, while France’s economy contracted 0.1% and Italy’s remained stable, both missing analyst forecasts in a poll.
• Societe Generale strategists noted that the ECB and Fed balanced stubborn inflation against tightening financial conditions, allowing them to pause until December.
• Madison Investments and Federated Hermes analysts stated that the Fed’s pause deferred the inflation debate, with attention now shifting to December and incoming economic data.

Read the full article at wsj.com

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