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2026-11-04 14:10:25
[The prospect of Democrats controlling Congress lowers expectations for interest rate hikes, boosting US Treasury prices and the stock market] (1) According to foreign media reports, the prospect of the US Democratic Party controlling Congress has led investors to believe that the resulting political deadlock in Washington will curb government spending, and that artificial intelligence (AI) regulation may also drag down US economic growth, thus reducing the need for further interest rate hikes. (2) As a result, US Treasury prices rose on Wednesday; the yield on 10-year US Treasury bonds fell by about 5 basis points to 4.90%. (3) The yield on 2-year US Treasury bonds further declined slightly to 4.5458%, a near two-month low. (4) Boosted by the reduced expectations for US interest rate hikes, the stock market rose.
