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Daily Markets Update: Bond Rout Hits 24-Year High, TSX Slips a 4th Day — and It's Jobs Day

  Friday, October 2, 2026. Figures are as of early morning, before the 8:30 a.m. ET U.S. jobs report. Global bond markets set the tone again. The U.S. 10-year Treasury yield touched 5.34% on Thursday, its highest since 2002 , before easing back to about 5.24% by the close. Wall Street held up, but the damage was sharper elsewhere: the UK’s 30-year gilt yield crossed 6% for the first time since 1998, and Toronto slipped for a fourth straight session. Oil jumped more than 4% on Thursday before sliding back under US$100 this morning, and the Canadian dollar fell to a 12-week low. All eyes now turn to today’s U.S. jobs report, which could decide whether the bond selloff cools or keeps running. Today’s big event: the U.S. jobs report The U.S. September jobs report lands at 8:30 a.m. ET . Economists expect roughly 84,000 to 90,000 new jobs, with unemployment holding at 4.1% and wages up 0.3% on the month. That would be a big cooldown from August’s surprise gain of 162,000. It matters bec...
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Battles Rage Around Rafah After US Halts Some Weapons to Israel

 

In the ongoing conflict between Israel and the Palestinian Islamist group Hamas, the southern Gaza city of Rafah has become a focal point. Here’s a brief overview of the situation:

  1. US Halts Shipment of Powerful Bombs:

    • As Israeli troops battled Hamas on the outskirts of Rafah, the United States made a significant move by halting a shipment of powerful bombs that Israel could potentially use in a full-scale assault.
    • This decision aims to prevent civilian casualties and further escalation in the region.

  2. Ceasefire Talks in Cairo:

    • Ceasefire negotiations have resumed in Cairo, with delegations from Hamas, Israel, the US, Egypt, and Qatar participating.
    • The remaining differences between Israel and Hamas are being addressed, and there is optimism that the Palestinian militant group’s latest ceasefire proposal can bridge the gaps.
    • CIA Director Bill Burns is also involved in these talks, traveling from Cairo to Israel to meet with Israeli Prime Minister Benjamin Netanyahu and officials.

  3. Challenges and Warnings:

    • Israel declared Hamas’ three-phase proposal unacceptable due to softened terms, but the revised proposal suggests that the remaining gaps can be closed.
    • Hamas warns that continued Israeli military aggression in Rafah could jeopardize any truce agreement.
    • The situation remains tense, with both sides closely monitoring developments.

  4. Humanitarian Impact:

    • The seizure of the main border crossing between Gaza and Egypt in Rafah has cut off a vital route for aid into the enclave.
    • Hundreds of thousands of displaced Palestinians in Gaza are facing homelessness and hunger.

In summary, the battles in Rafah continue, and the US’s decision to halt weapon shipments underscores the urgency of finding a peaceful resolution. The world watches as negotiations unfold, hoping for a breakthrough that will spare lives and bring stability to the region.


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