US bonds rally as Democrat sweep seen stalling spending
SINGAPORE: Treasuries rallied on Wednesday as projections the Democrats would take control of Congress had investors expecting gridlock in Washington to cut government spending, while AI regulation could slow growth and reduce the need for rate hikes. Relief that President Donald Trump’s promise to hand out $5,000 to US adults would not be coming to pass, and a flight to the safety of bonds as…
Read at Business Recorder(opens in a new tab)
Full coverage
US bonds rally as Democrat sweep seen stalling spending (opens Business Recorder in a new tab)
SINGAPORE: Treasuries rallied on Wednesday as projections the Democrats would take control of Congress had investors expecting gridlock in Washington to cut government spending, while AI regulation could slow growth and reduce the need for rate hikes. Relief…
