Treasuries Get Hit as US Election Risks in Focus: Markets Wrap
- Democrats weigh early Biden nomination to squash swap talk
- Supreme Court says Trump has some immunity, delaying trial
This article is for subscribers only.
The world’s biggest bond market got hit as traders weighed the potential economic implications of the November US election after last week’s presidential debate between Joe Biden and Donald Trump.
While many traders say it’s probably too early to start positioning or reading too much into election headlines, Wall Street kept a watchful eye on news regarding the presidential race. Just as it happened on Friday, Treasuries fell — with longer-term maturities largely underperforming shorter ones. Stocks edged mildly higher amid a rally in tech megacaps. The dollar rose.