Eurozone government bond yields climbed in early trading, tracking higher US Treasury yields and a modest rebound in oil after Monday’s declines. With no major eurozone data and issuance limited to Austria and Germany, market attention shifted to the

2026-11-03

Eurozone government bond yields climbed in early trading, tracking higher US Treasury yields and a modest rebound in oil after Monday’s declines. With no major eurozone data and issuance limited to Austria and Germany, market attention shifted to the US midterm elections as the probability of Democrats winning both chambers rose. Analyst Christoph Rieg said Democratic control would be supportive for US Treasures, but how markets would react to Trump is a separate question. Germany’s 10-year yield rose 2.1bps to 3.316%; Belgium’s 10-year OLO lagged, up 3.2bps to 4.428% after budget talks collapsed.

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2026-11-03

Citi’s head of global business Cantú said Japanese and South Korean firms’ investment into the U.S. is likely to grow as global supply chains are restructured, with flows rising in phases. He noted these firms retain substantial deployment capacity;

2026-11-03

The Reserve Bank of Australia has also revised its global inflation outlook upward, partly attributing it to the AI boom.