Treasury Yields Fall as U.S. Election Results Point to Democratic Gains
The 10-year Treasury yield was 4.897% in Asia trading Wednesday, down from 4.974% before the election results pointed to Democratic gains. It fell to its lowest level in nearly two months.
By James GlynnThe yield on the benchmark Treasury note fell to its lowest level in nearly two months as results from the U.S. midterm elections pointed to a significant swing toward Democrats across the board.The U.S. 10-year yield stood at 4.897% in Asia trading Wednesday, down from 4.974% before…