The midterm results dim chances for any major fiscal initiative from the Trump administration that might have boosted yield gains and a stronger greenback.
The market also remains under pressure from this week’s record volumes of longer-dated government debt supply.
As a result, the yield on the benchmark 10-year Treasury slipped 3 bps to 3.18%, off its seven-year high of 3.26% touched a month ago, while the dollar index fell 0.6% to below 96.
Previously: Midterm results propel futures higher (Nov. 07 2018)
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