Dollar surges and US bond yields jump as investors bet on Trump win

Quick Summary:

Hong Kong’s Hang Seng index dropped 2.5 per cent, led lower by mainland Chinese companies.

The standing committee of China’s rubber-stamp parliament, the National People’s Congress, is meeting until Friday and is expected to confirm the size of its fiscal stimulus, aimed at reviving growth in the world’s second-largest economy.

The yield on the 10-year Treasury reached 4.46 per cent, its highest since early July, while that on the 30-year “long bond” reached 4.63 per cent, up 0.15 percentage points for its biggest daily move in more than a year.

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Article Details

Author / Journalist: Jennifer Hughes

Category: MarketsFinanceInvesting

Markets: United StatesChinaHong Kong

Topics: Surged Cent Biggest Index Tariffs Currency Investors Markets Trump Dollar Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 06:57:40 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23443520

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