Investing.com investing.com 07 Jan, 2021 16:15 am

Yields Spike On Democratic Senate Control; Markets Shrug Off Capitol Breach

Yields Spike On Democratic Senate Control; Markets Shrug Off Capitol Breach
Bonds Analysis by Investing.com (Darrell Delamaide/Investing.com) covering: Dow Jones Industrial Average, United States 10-Year. Read Investing.com (Darrell Delamaide/Investing.com)'s latest article on Investing.com

The United States may have its own peculiar system of government and an even more peculiar political culture, but it has survived much worse than this.The Capitol riot interrupted the certification of the presidential vote by Congress, but it ultimately occurred, regardless of objections from some Republican lawmakers.However, the Capitol riot dampened some of the Dow gains as well.The surprising Democratic sweep of Tuesday's Senate runoff races in Georgia led to a stampede out of US Treasuries as the yield on the 10-year benchmark spiked above 1% for the first time since March.

03%, the 10-year yield recovered to about 1.4%, to reach a new record high as equity investors expressed confidence in the US economy.

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