Bond Yields Rise as US Midterm Results Come In
US government bond yields, including the 10-year note and 30-year bond, rose on Tuesday as midterm election results were released. A key inflation measure, the 10-year TIPS breakeven rate, stood at 2.305 per cent. That means markets expect inflation to average about 2.3 per cent a year for the next decade.
Context
Context: Treasury bonds are loans the US government sells to investors, and their yields move with expectations about inflation and interest rates. Midterms are elections for part of Congress, held midway through a US president's term.
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