Oct 15, 2026 · 11 min · 9 segments
**Marcus Today – Daily Market Insights** Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the…
Marcus PadleyHost
And the excuse for that was the jobs number yesterday, which seems to have reduced the chances of the RBA raising rates.

The odds of an RBA rate rise now stand at 15.6%, which is the lowest it's been for a while.

That next meeting is on the same day as the US midterms, the 3rd of November around the corner.

Small caps came back up 1.38% and the VIX volatility index just shaded a little bit, now sitting at 16.46%.

It was looking earlier this week as if the VIX volatility index might just do one of its spikes, but we seem to have held that off for the minute.

And the weird part of last night is we have had a huge improvement in the US bond market and the Australian bond market and all European bond markets.

So the US 30-year bond yield dropped 10.7 basis points, 10-year dropped 11.5 basis points, and the 2-year dropped 5.2 basis points.

And even the Aussie 10-year bond yield dropped 10.4 basis points, and the 2-year dropped 10.7 basis points.

which seems anomalous considering September's US retail sales fund sales numbers last night were up more than expected and the US producer prices index number increased by the most in four and a half years in September, with rising costs for goods and services suggesting inflation remains elevated beyond just energy prices.

And the excuse for that was the jobs number yesterday, which seems to have reduced the chances of the RBA raising rates.

The odds of an RBA rate rise now stand at 15.6%, which is the lowest it's been for a while.

That next meeting is on the same day as the US midterms, the 3rd of November around the corner.

Small caps came back up 1.38% and the VIX volatility index just shaded a little bit, now sitting at 16.46%.

It was looking earlier this week as if the VIX volatility index might just do one of its spikes, but we seem to have held that off for the minute.

And the weird part of last night is we have had a huge improvement in the US bond market and the Australian bond market and all European bond markets.

So the US 30-year bond yield dropped 10.7 basis points, 10-year dropped 11.5 basis points, and the 2-year dropped 5.2 basis points.

And even the Aussie 10-year bond yield dropped 10.4 basis points, and the 2-year dropped 10.7 basis points.

which seems anomalous considering September's US retail sales fund sales numbers last night were up more than expected and the US producer prices index number increased by the most in four and a half years in September, with rising costs for goods and services suggesting inflation remains elevated beyond just energy prices.
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