Today's read
Investors and rates. Treasury yields fell as stocks sold off on Friday, 30 October. The 10-year closed at 4.94%, down from 4.98% on Thursday, and the 30-year at 5.31%. The 10-year real yield eased to 2.60%, and the gap between the 10-year and 2-year yields was 0.38 percentage points. Money moved toward Treasuries, not out of everything.
The open question. The test is whether the selloff reaches the parts of the economy that borrow and hire. The site's junk-bond spread gauge still reads calm, but its latest reading is from 29 October, before Friday's move; the next readings will tell. Jobless claims were steady in the last weekly data. Tuesday, 3 November, is Election Day in the United States. For business owners and home owners: a Gartner survey found that few organizations say they have reached their productivity and savings goals from AI. Mortgage applications rose for the first time in about eight weeks as borrowing costs eased. Clocks went back on Sunday, and a bill to make daylight saving time permanent remains stalled in Congress. What would change this read: credit spreads widening toward the watch line, or jobless claims turning up.
Cyber security and coding. CISA added 33 vulnerabilities to its known-exploited catalog in the 30 days to 2 November; its last addition was on 30 October. A known-exploited listing is the clearest public sign that a flaw is used in attacks. GitHub made workflow dependency lockfiles generally available for Actions. NIST published guidance on migrating federal systems to post-quantum cryptography. Google opened Android's developer tools to third-party AI coding agents.
Takeaways
- Treasury yields fell with stocks on Friday.
- The credit gauge has not yet seen Friday's move.
- Patch what CISA lists as known exploited first.
Sources: US Treasury daily par yield curve (primary) · US Treasury daily real yield curve (primary) · CISA Known Exploited Vulnerabilities catalog (primary) · Site signals: sources and method for every gauge (primary) · GitHub changelog: Actions workflow lockfiles are generally available (primary) · Infosecurity Magazine: NIST guidance on post-quantum migration (secondary) · The New Stack: Android tools open to AI coding agents (secondary) · TechRadar: Gartner on AI productivity and savings goals (secondary) · Homes.com: mortgage demand rises as borrowing costs ease (secondary) · WBTV: clocks fall back; permanent daylight saving time bill stalls (secondary)