What moved yields on Monday
The curve split again to start the week. The 10-year eased to 4.884% and the 30-year to 5.255%, while the 2-year ticked up to 4.585%. A basis point equals 0.01%, and when bond prices rise, yields fall.
A separate market snapshot showed the U.S. 10 Year at 4.906% down 0.023, the 30 Year at 5.272% down 0.037, and the 2 Year at 4.602% up 0.021. Shorter bills were quoted as follows: 1 Month 3.971% down 0.005, 1 Year 4.392% up 0.038, 3 Month 4.105% up 0.025, and 6 Month 4.285% up 0.031.
Drivers and the calendar
Traders also watched oil slide after Rubio said Trump would prefer to resolve the Iranian war "diplomatically." Earlier this year, oil rallies often coincided with higher bond yields, but that pattern eased in October as investor focus moved toward AI and Big Tech.
Friday's equity rout, led by technology names, sent money toward Treasurys as a haven. Tech stays in the spotlight with Apple and Qualcomm reporting next. On the macro front, September JOLTS lands Tuesday, ADP is due Wednesday, productivity and weekly jobless claims arrive Thursday, and October nonfarm payrolls cap the week on Friday.
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The Treasury will outline planned note and bond auction sizes on Wednesday. Results from Tuesday's midterms are also being watched for their implications for Congress's spending priorities.
What it means for your portfolio
Rates and risk appetite are getting fresh catalysts daily. The mix of mega-cap tech earnings, labor data, and Treasury issuance could keep duration and equity beta swinging in tandem. Keep an eye on how long yields respond to the data cadence and how tech earnings color the safe-haven bid.
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