Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 28, 2026.
Brendan McDermid | Reuters
Hello, this is Leonie Kidd coming to you from London. Welcome to another edition of CNBC’s Daily Open.
A disorderly bond market makes officials and policymakers nervous.
And now Europe has caught America’s cold when it comes to spiking yields.
As CNBC’s Steve Sedgwick reminded us in the newsroom, the European Central Bank has a tool to stop disorderly bond sell-offs and spread widening. We could all be dusting off our knowledge of the Transmission Protection Instrument (or TPI) — the ECB’s anti-fragmentation tool — sooner than we think.
Read on for more.
What you need to know today
The global bond market volatility is bordering on disorderly.
In the U.S., the 10-year Treasury yield has posted its largest quarterly rise in a century during the third…
