Politics
Treasuries Advance as Traders Eye US Votes, Refinancing Plans
Key Points
Bonds Treasuries Rise as Traders React to Democrat Lead in First Votes Treasuries rallied ahead of the Treasury’s quarterly issuance plans, with traders reacting to the first vote counts from the midterm elections which favored the Democrats. Yields fell across the curve, led by those on five-year notes which dropped seven basis points to 4.69%. Benchmark 10-year yields were down six basis points to 4.90%, while a gauge of the dollar weakened 0.2%.
Bonds
Treasuries Rise as Traders React to Democrat Lead in First Votes
Treasuries rallied ahead of the Treasury’s quarterly issuance plans, with traders reacting to the first vote counts from the midterm elections which favored the Democrats.
Yields fell across the curve, led by those on five-year notes which dropped seven basis points to 4.69%. Benchmark 10-year yields were down six basis points to 4.90%, while a gauge of the dollar weakened 0.2%.