US Bond Yields Dip Ahead of Midterm Vote
US yields on the 10-year Treasury note and the 30-year bond were on track for a third straight fall. Investors were waiting for the November 3 US midterm elections. The yields had hit their highest levels in October. Bond prices and yields move in opposite directions.
Context
Context: US Treasury notes and bonds are loans the US government borrows through, and their yields help set interest rates across the world. The US midterm elections choose members of Congress halfway through a president's term.
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