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Investment Daily: US stocks and longer-dated Treasury yields started the week higher

6 October 2026

Key takeaways

  • US stocks rose; Treasuries mostly fell.
  • European stocks and government bonds traded mixed.
  • Asian stocks mostly rose.

Markets

US stocks rose on Monday, led by gains in tech heavyweights as oil prices dipped. The S&P 500 gained 0.7%, while the tech-heavy Nasdaq advanced 1.1%.   

US Treasuries mostly fell, with the yield curve steepening further ahead of the 10-year and 30-year Treasury debt auctions later this week. 10-year yields rose 3bp to 5.30%, while 2-year yields edged down 1bp to 4.81%.

European stocks lacked direction on Monday. The Euro Stoxx 50 and the German DAX each rose 0.1%, while the French CAC declined 0.8%. In the UK, the FTSE 100 was 0.3% higher.

European government bonds were mixed. 10-year German bund yields were up 3bp to 3.49%, while 10-year French bond yields closed 1bp lower at 4.86%. In the UK, 10-year gilt yields rose 5bp to 5.42%.

Asian stock markets mostly advanced on Monday, led by gains in tech shares amid fading expectations of an imminent Fed rate hike. Japan’s Nikkei 225 rallied 2.4%. Hong Kong’s Hang Seng rebounded 0.3% following last Friday’s sell-off, and India’s Sensex added 0.7%. Elsewhere, stock markets in Korea and mainland China were closed for a holiday.

Crude oil prices declined on Monday. WTI for November delivery settled 1.8% lower at USD89.4 a barrel. 

Key Data Releases and Events

Releases yesterday

In the US, the ISM Services eased to 54.9 in September from 55.4 in August, slightly below market expectations.

Releases due today (6 October 2026)

No major releases.

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