11/03/2026
11/3/26
Bond yields opened relatively flat this morning, with the 10-year Treasury yield at 4.91%.
Investors are closely watching midterm election results. A Democratic sweep could complicate future debt ceiling negotiations and add to fiscal uncertainty, while a divided government may provide some relief for Treasury yields.
Current expectations suggest Democrats will take the House, while control of the Senate remains tighter, although Democrats are still viewed as having the edge.
On the geopolitical front, the U.S. and Iran are reviewing peace proposals in an effort to avoid another round of conflict.