16:26
+23 C°
Traffic jam:   7
$
77.5104
92.0669

US ten-year treasury bond yields climb above 1%

7 January 2021
1838
2 min.
9
US ten-year treasury bond yields climb above 1%

Treasury bond rises

Ten-year US Treasury bond yields (TBY) rose above 1% on Wednesday, marking the first time since March. The yield on ten-year US Treasury bonds rose above 1% on Wednesday, the first time since spring.

The rise in US Treasury debt yields from record lows recorded last year amid the coronavirus pandemic indicates growing investor confidence in the prospects for the US economy.

The Wall Street Journal (WSJ) wrote that rising treasury bond yields (TBY) are supporting expectations that Democrats will still manage to gain control of the Senate in the 2nd round of elections in Georgia.

On Wednesday it became known that the Democratic candidate Raphael Warnock had beaten the Republican challenger
Kelly Loeffler in Georgia's Senate race. Democratic runner-up Jon Ossoff is also close to victory. Democrats need to win both seats to take back control of the Senate from Republicans, which they have held since 2015.

The Democrats already have a majority in the House of Representatives and taking control of the Senate as well will make it easier for President-elect Joe Biden to get his initiatives through Congress. Many believe this will mean more spending to support the economy in a pandemic, as well as other priority projects for Democrats, including infrastructure.

It is worth noting that, given the Democratic Party's programme to support green energy, analysts are predicting increased regulatory risks for fossil fuel companies.

Also, many market experts note that a full Democratic victory would be generally positive for economic growth and hence for most risky assets, but negative for bonds and the dollar as the US budget and trade deficit would rise further.

However, the main US stock indices reacted negatively to the exit polls, declining in non-trading hours before the opening of trading on Wednesday.
 

Persons4 and Companies5 in the news

A Democratic Party politician
1 place
United States Senator from Georgia
2 place
A Democratic Party politician
3 place
46th President of the United States
4 place
Section:

Discussion

Rating companies
Tesla
52 Mention
Apple
51 Mention
Amazon
49 Mention
Nasdaq
46 Mention
Dow Jones
40 Mention
Facebook
38 Mention
White House
31 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director