Treasury Yields
Yield Shock: Strong Jobs Data and Fiscal Stimulus Reset Fed Expectations for 2026
The first trading session of 2026 has sent a jolt through the global fixed-income markets. On January 2, 2026, a surprising resilience in the U.S. labor market, coupled with the looming inflationary impact of the newly implemented "One Big Beautiful Bill Act" (OBBBA), triggered a massive sell-off