It’s still early on US election night, with some easy wins for both sides in the bag but many results yet to be decided. The yield on 10-year Treasuries fell as low as 0.79%, a decline of 11 basis points, before paring the drop. Pennsylvania Is ‘Critical’“At this point, I’m not sure the market is trading only on Trump," said Evercore ISI strategist Dennis DeBusschere in New York. I.e., Trump could lose and I’m not sure market internals would change from the current moves (Nasdaq 100 up, rates down etc.)." “There is a risk-off mood as dollar appreciated and yen weakens, with expectation that the election delay could be prolonged."

Source: Mint November 04, 2020 05:48 UTC