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Tuesday 6th October 2026
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US equity markets kicked off the week with solid gains as the tech sector pushed higher, but fixed income markets continued to grapple with elevated yields as US 10-year Treasuries pushed up to 5.34%. Following a long weekend in parts of Australia, Phil Dobbie and NAB's Taylor Nugent unpack a busy start to October, analysing Friday's softer-than-expected US Non-Farm Payrolls print (+28k) and its impact on Fed rate expectations. Across the Atlantic, European markets are dealing with fresh political and fiscal strain, with French bond yields under pressure amid budget debates and Spain announcing a snap election. Meanwhile, crude oil remains volatile above $100/bbl despite G7 inventory releases and Middle East shipping developments.
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