- Analytics
- News and Tools
- Market News
- US Elections: Blue Wave is off the table, US Treasury yields move lower – ABN Amro
US Elections: Blue Wave is off the table, US Treasury yields move lower – ABN Amro
FXStreet reports that the presidency result is likely delayed, but a blue wave is off the table while the Senate has probably failed to flip Democrat, economists at ABN Amro inform.
“Incumbent president Trump is ahead of Joe Biden so far in the presidential election count in the key battleground states, but a much higher proportion of postal voting in this election due to the pandemic appears to be skewing the early count. These mail-in ballots are counted later in many states, and in some crucial states – particularly Pennsylvania and Michigan – it may take days before we have a final result.”
“Democrats needed to gain a net four seats to take control of the Senate, but so far they look to have gained just one seat, and two out of the three remaining close races currently favour Republicans. This means Republicans are highly likely to retain their narrow majority in the Senate.”
“We expect the trend of lower yields to continue going forward with the US curve bull flattening on the back of the theme of less fiscal stimulus, aggressive Fed purchases and the prospect that the fed funds rate will remain on hold for many years. A contested election outcome could add to this trend in the near term as well.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
