Why Did Bond Yields Jump Today?

Thursday 6th November 2025

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Europe’s revised PMIs suggest a slow but steady recovery, while U.S. services data came in stronger than expected. There’s plenty to feel optimistic about — despite political turbulence. Donald Trump faces mounting challenges: New York has elected a young Muslim mayor in a historic shift, and the Supreme Court has begun reviewing his emergency tariff measures.

Meanwhile, markets are in a buoyant mood. Equities are climbing, treasuries are selling off, and sentiment is turning risk-on. 

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