# Bond yield pressure and US jobs report in focus for futures markets : Friday, October 2, 2026

- Source: https://orderflowfutures.com/en/news/2026-10-02
- Site: OrderFlowFutures (https://orderflowfutures.com)
- Edited by: Tom, Trader & founder of OrderFlowFutures (https://orderflowfutures.com/a-propos#auteur)
- Published: 2026-10-02
- Updated: 2026-10-02
- Reuse: free to quote and cite, with attribution to OrderFlowFutures and a link to the source URL.

> Rising global bond yields and crude oil breaking above $100 maintain pressure on equity indices as traders await the US monthly jobs report. Between hawkish Fed comments and European bond stress, volatility remains elevated ahead of the open.

## Macro & central banks
- **US monetary policy**: Dallas Fed President Lorie Logan stated that the target rate range still needs to rise by 50 basis points or more, as inflation remains above the 2% target. However, she noted that the recent rise in bond yields could reduce the need for further manual tightening.
- **Bond market pressure and oil spike**: Sovereign bond markets remain under tension. In Europe, the French 10-year yield reached 4.942%, its highest level since 2002, while the spread against the German Bund widened to 1.37 percentage points. Meanwhile, Brent crude surged 3.7% to $101.62 per barrel, reigniting inflation fears.
- **China economic outlook**: Bank of America expects Beijing not to launch a more aggressive stimulus plan in the near term unless exports or fiscal conditions deteriorate sharply.

## Indices & tech
- **US futures moving higher**: Ahead of the open, futures on the Dow Jones, S&P 500, and Nasdaq 100 are pointing up by roughly 0.3%.
- **Drop in European equities**: The CAC 40 closed down 1.62% at 7,835.31 points, severely dragged down by the banking sector (Société Générale -5%, Crédit Agricole -3.7%, BNP Paribas -3.64%).
- **Tech sector and earnings**: Capgemini surged 7.38% in Paris, supported by better-than-expected quarterly results from US peer Accenture (+7% revenue growth, $22.2 billion in new orders). Conversely, Nike plunged over 8% in extended trading following disappointing revenue guidance.

## Key events today
- **US Non-Farm Payrolls**: Release of non-farm payrolls and the unemployment rate for September in the United States.
- **Bond market volatility**: Monitoring sovereign yield movements and spreads to assess global fixed income stress and its impact on futures indices.

*Brief compiled from the morning's news flow, AI-assisted and reviewed before publication. Not investment advice.*