The results of the U.S. election affect the economy and inflation, which may sway the trend of national bond yields

Scott Pike, portfolio manager at Income Research + Management in the United States, told The Wall Street Journal that the biggest impact of this election on the bond market may lie in how the winner's policies affect economic growth and inflation, which in turn affects the trend of treasury yields. Pike said that regardless of which party forms a unified government, it might be easier to pass large-scale spending plans, which often push up yields. "In recent months, as the possibility of a unified government has increased, there has been quite a significant increase in yield." With the results of the election out, 10-year Treasury yields were at 4.356%, higher than 4.29% when settled at 3 p.m. Eastern Time.