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Uncertainty Re-Introduced

US TSYS

Tsy curve now sits flatter on the day with 10s leading, richening by a little over 6.0bp. Trump has done what he needed to do in the states declaring thus far, making the outcome of the vote in the likes of Ohio & Pennsylvania even more critical. A reminder that the vote in Pennsylvania is expected to be a little more drawn out (and could take several days), which reintroduces the theme of uncertainty for markets if the race there becomes critical. Biden fares well in Ohio thus far, but the latter votes in the state are expected to favour Trump. T-Notes +0-11+ at 138-14 after touching fresh highs.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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