US Treasury Yields Rise as Midterm Elections Begin

Key Facts

US Treasury yields rose in early European trade on November 3, 2026, as voters head to the polls for the midterm elections. The Wall Street Journal reported that yield movements are being driven by market uncertainty and investor positioning surrounding the outcome of the elections.

Oil prices rebounded slightly during today's session following a sharp decline recorded on Monday, November 2, 2026. This recovery follows broader economic data including the ISM Manufacturing PMI, which was reported at 55.5 on November 2, 2026, exceeding the forecast of 54.6.

Market participants are awaiting the release of JOLTs Job Openings later today, November 3, 2026, with forecasts at 7.13 million. The economic calendar also features Factory Orders and the API Crude Oil Stock Change report scheduled for later in the session.