The blowout October payrolls report resulted in textbook bear flattening of the US yield curve with Treasuries outperforming Bunds. Front-end rates added 5 bps, long-term maturities rose by 1.1-2.2 bps in the 10-30-yr bucket.
Sentiment on the (US) stock market will be the key driver for broader trading
Nov 9, 2026
