Investment Snapshot October 2026

Key takeaways from our October Snapshot

• September saw global equities decline modestly and bonds struggle as yields moved sharply higher.
• Both the Fed and the ECB raised rates by a quarter of a percent, while 10-year US Treasury yields climbed above 5.3% and German yields approached 3.6%. Higher US rates supported the dollar, though longer-term fiscal concerns and high government debt levels remain a focus.
• Economic resilience, heavy corporate borrowing and tighter energy supplies continue to keep inflationary pressures elevated, with markets pricing in another rate hike before year-end. As earnings season gets underway, fresh economic data and central bank commentary will help shape our outlook.