Treasury yields fall and stock futures plunge as Democrats projected to win US midterm House
- 1Treasury yields declined as investors fled from selling pressure in stock futures.
- 2The benchmark 10-year Treasury yield fell nearly 5 basis points to 4.902%.
- 3S&P 500 futures fell 1.1% and Nasdaq-100 futures fell 2%.
So what's the key point?
As the stock market dropped sharply, people moved toward safe Treasury bonds. Treasury yields went down to 4.902%.
Source Bloomberg +2 · View original ↗
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