Reported 20 days ago
On Election Day, US Treasury yields slipped as traders braced for market volatility ahead of the Federal Reserve's interest-rate decision. The 10-year bond yield was steady at 4.29%, despite a spike earlier, with heightened bond volatility reaching a year-high. Polls indicated a tight presidential race between Donald Trump and Kamala Harris, leaving investors uncertain about market movements related to the election outcome. The Fed’s policy meeting also adds to the tension, with expectations of potential rate cuts amid economic data showing growth in the service sector.
Source: YAHOO