Societe Generale rates strategist says with US midterms concluded the Treasury
market is refocusing on fundamentals. October US nonfarm payrolls due 21:30
Beijing time. An oil-price drop and removal of a major risk event initially
lifted stocks and bonds, but fiscal policy, Treasury issuance, the debt ceiling
and the pace of AI-driven investment remain longer-term constraints. With fading
fiscal impulse, moderating inflation and episodic risk-asset volatility, the
strategist expects US Treasuries to keep safe-haven appeal, supporting a modest
decline in yields and further curve flattening in the medium term.
