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Treasury Yields Fall as Democrats Take Congress

Original: Treasury Yields Decline After Democrats Take Congress; Eurozone Yields Edge Up

US Treasury yields declined after Democrats won control of Congress, a result investors read as limiting further tax cuts and spending, while eurozone bond yields edged higher. Bond markets moved quickly to price in a divided government, with traders weighing what the election outcome means for fiscal policy, interest rates and growth on both sides of the Atlantic.

Why now: The midterm election result shifted expectations for US fiscal policy, prompting an immediate bond market reaction.

US TreasuryDemocratsCongressEurozone

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