Analyst: The rise in U.S. bond yields is due to Trump's more adverse impact on debt and inflation conditions

As the vote counting progresses, the yield on U.S. Treasury bonds has risen sharply. Chris Lowe, chief economist at FHN Financial, said this may indicate that traders in the Asian session tend to think that early results are favorable for Trump. The current yield on 10-year Treasury bonds is close to 4.424%, higher than Tuesday's closing of 4.29%. Lowe said: "The bond market's subconscious reaction is to think that Trump is more unfavorable for debt and inflation," hence the rise in yields.