Post-Election Rally in US Treasuries: Yields Decline

US Treasury bonds traded with a buying bias after initial results from the congressional midterm elections indicated that Democrats gained strength. Expectations that the election results could limit the Trump administration's plans to increase tax cuts and public spending supported demand for bonds. With the impact of these developments, bond yields declined across all maturities. The five-year bond yield fell by as much as 9 basis points to 4.67%, while the 10-year bond yield dropped 6 basis points to 4.90%. In parallel with this movement in the bond market, the dollar index also depreciated by 0.4%. The decline in yields signals that investors are repricing their expectations regarding fiscal policy. Not investment advice.

📊 DXY — Piyasa Yorumu

▼ down · 55%

The decline in US Treasury yields is exerting downward pressure on the DXY; the low-yield environment is reducing the dollar's appeal. Technical indicators already point to a weak picture: RSI at 34.6 is close to oversold territory, MACD is below its signal line, and price is trading below the SMA20/SMA50. The 0.32% drop over the past 24 hours confirms short-term negative momentum. However, the RSI's proximity to the oversold threshold also raises the possibility of a limited rebound, so I am keeping the confidence level at medium. Over a 1-3 day horizon, the downward bias remains dominant.

RSI 14

34.6

MACD

-0.05

24h Δ

-0.32%

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