Treasurys stage a massive reversal
The US Treasury has seen a massive reversal following the news that Donald Trump has been elected President of the United States.
Aggressive buying pushed yields down as much as 17 bps in the belly of the curve after Trump won the key battleground state of Florida, North Carolina, and Ohio.
However, once it was clear that Trump was indeed victorious, viscous selling took hold in longer dated yields, running them back up into positive territory. The 10-year yield topped out at 1.96
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