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2026-11-04 10:26:25
[ANZ Bank: US Fiscal Policy Adjustment More Difficult if Democrats Win All-Round, US Treasury Yields May Remain High] (1) ANZ Bank interest rate strategist Jack Chambers said that if the Democrats win all-round elections in the US midterm elections, it will be more difficult to adjust US fiscal policy in the coming years. (2) This may mean that the federal budget deficit will not expand further, but it also means that the deficit will remain at a high level. (3) Chambers said he is skeptical that the US midterm elections can drive a sustained rise in the US Treasury market. (4) He added that the robust performance of US economic activity indicators provides support for further interest rate hikes by the Federal Reserve, which also means that US Treasury yields may continue to remain in a high range.
