WS #15314
The 10-year Treasury yield has hit a 24-year high, pressuring equity valuations across the board. However, White House economists point to weak September jobs data as a signal that Fed rate hikes may be over for 2026, providing a psychological floor to the bearish rate narrative. The Euro has also fallen below 1.12 against the Dollar, reflecting broader macro instability and capital flight to US assets.
Macro Rates & Inflation
The 10-year Treasury yield has hit a 24-year high, pressuring equity valuations across the board. However, White House economists point to weak September jobs data as a signal that Fed rate hikes may be over for 2026, providing a psychological floor to the bearish rate narrative. The Euro has also fallen below 1.12 against the Dollar, reflecting broader macro instability and capital flight to US assets.