Bonds

Biden Win to Push US Yields Higher, Piper Sandler Study Shows

Strategists also see S&P 500, price of gold getting a boost
Benchmark yield could decline if Trump wins, note says

Joe Biden
Photographer: Megan Varner/Getty Images

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By Carter Johnson

May 28, 2024 at 7:18 PM UTC

This article is for subscribers only.

The US 10-year Treasury yield could rise about 12 basis points if President Joe Biden wins reelection this November, according to Piper Sandler & Co. strategists.

Conversely, the benchmark yield could decline if Donald Trump wins, according to the study, which examined the response of 34 different assets to the presidential election.