The stock market will soon tank ... bonds will rise as they sell us cheaply to other countries --- China loves us again!
Can't wait for DEM inflation to settle in -- combined with all the idiot states (incl FL) who voted for a $15/min wage ... what could possibly go wrong???
U.S. 10-year Treasury yield jumps above 1% for first time since March with Democrats set to secure SenateU.S. Treasury yields jumped on Wednesday after early voting indicated Democrats were on track to win both Senate seats in Georgia and thus control of Congress, an outcome that would give the Biden administration more room to enact his policy agenda.
What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, 1.052% was at a March high of 1.019%, 6.4 basis points higher than in the previous day. The 2-year note rate TMUBMUSD02Y, 0.148% edged 1.2 basis points up to 0.135%, while the 30-year bond yield TMUBMUSD30Y, 1.829% climbed 7.9 basis points to 1.783%, more than an eight month high.
What’s driving Treasurys?
Preliminary voting results show Raphael Warnock won one of two Senate runoffs in Georgia early Wednesday, according to the Associated Press, bringing Democrats a seat closer to a Senate majority.
Also with 98% of the expected vote total reported, Democratic challenger Jon Ossoff was leading Republican Sen. David Perdue by just 0.4 percentage point.
With control of the Senate in sight, Democratic lawmakers may now have more scope to pass more aggressive fiscal measures that could weigh on the bond market through increased debt issuance and higher inflation expectations, according to analysts.https://www.marketwatch.com/story/u-s-10-year-treasury-yield-jumps-above-1-for-first-time-since-march-with-democrats-set-to-secure-senate-11609936767?mod=home-page
