Treasury yields surged after Donald Trump’s presidential win and a likely Republican majority in Congress, indicating investor expectations of higher economic growth and fiscal spending. The 10-year and 2-year Treasury yield rose above 4%. NBC News projected Trump’s victory in key states, with Republicans anticipated to reclaim the Senate. Wall Street analysts predict rising bond yields, as a Republican-led government could drive economic policies that increase the deficit and inflation. The Federal Reserve will announce its interest rate decision on Thursday, with a quarter-point rate cut anticipated.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Treasury yields surged after Donald Trump's presidential win and a likely Republican
00:06majority in Congress, indicating investor expectations of higher economic growth
00:12and fiscal spending. The 10-year and two-year Treasury yield rose above 4 percent. NBC News
00:18projected Trump's victory in key states, with Republicans anticipating to reclaim the Senate.
00:24Wall Street analysts predict rising bond yields, as a Republican-led government
00:28could drive economic policies that increase the deficit and inflation.
00:32The Federal Reserve won out its interest rate decision on Thursday,
00:36with a quarter-point rate cut anticipated.