Treasury yields fall as investors crowd into bonds for safety amid election stock sell-off
Investors bought government debt as the Democratic sweep fueled fears of tighter scrutiny on artificial intelligence spending and slower growth.
- Treasury yields fell Wednesday as investors sought safety, while stock futures slid amid early midterm election results. Nasdaq-100 futures slid 2% and stock contracts shed 1.1%.
- Early results show Democrats making gains in the Senate, although control of both chambers of Congress remains uncertain as votes were still being counted. The CNBC Election Desk projects Democrats winning the House.
- The benchmark 10-year Treasury note yield dropped nearly 5 basis points to 4.902%. The 30-year bond yield slid 5.29%, and the 2-year note yield pulled back 6 basis points to 4.55%.
- Chris Weston, head of research at Pepperstone, wrote that the "greatest market reaction may come not from who wins Congress, but from how decisively they win and how far the result deviates from expectations."
- A commanding victory for either party could force markets to rethink Trump's remaining policy agenda and the political trajectory into 2028. Traders continue monitoring results as polls close in western states.
230 Articles
230 Articles
Technology stocks are recovering slightly after the Nasdaq suffered its biggest one-day drop in 19 months on Thursday. European stocks are in the red and the euro is losing value. Oil prices have also fallen in recent days.
Tech shares are under pressure after the U.S. interim elections. Answers to the most important questions about stock market collapse.
Evening Standard
Western Morning NewsUS falls knock Europe as Artificial Intelligence slowdown fears mount
The FTSE 100 index closed down 108.72 points, 1.0%, at 10,673.94.
The main European and U.S. stock market indices have given way this Friday, after a week very complicated by the coming elections in the U.S. - which has harmed the prices of companies related to AI - and the volatility of the price of oil. Ibex 35, the Spanish selective par excellence, which has signed its best week since last April, has remained safe from the current situation, after rising almost 4% despite falling by 0.6% at the end of the s…
The selective Spanish climbs 3.8% and forgets the noise of the technology. The ‘brent’ falls 17%, the biggest decrease since the pandemic
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
