US Treasuries Fall on Strong Job Openings and Midterm Election Start

Key Facts

US Treasuries fell as yields rose amid volatile oil prices and robust job openings data. Bloomberg reported that the market movement coincided with US voters heading to the polls for midterm elections on November 3, 2026. Official data released today showed JOLTs job openings reached 7.523 million, exceeding the forecasted 7.1 million.

Strong economic indicators added pressure to bond prices, with Factory Orders growing by 1.8% on November 3, 2026, surpassing the 1.2% estimate. Additionally, the ISM Manufacturing PMI released on November 2, 2026, printed at 55.5, further signaling economic resilience in the United States ahead of further labor market updates.

The market is now looking toward the ADP Employment Change report on November 4, 2026, followed by the Non-Farm Payrolls and Unemployment Rate data on November 6, 2026, which will be critical for the Fed's policy trajectory.