US Bond Yields Fall After Midterm Results
US Treasury bond yields fell after the midterm results, when Democrats gained control of both the Senate and the House. Traders also weighed the chance of gridlock between Congress and President Donald Trump's White House. Yields on the 2-year, 10-year and 30-year notes all moved lower.
Context
Context: Treasury yields move with investor expectations about interest rates, government borrowing and future spending. Gridlock, when the two sides of government cannot agree on laws, often means less new spending, which investors watch closely.
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