TechFlow news, November 6 — According to Jinshi Data, although it is still too early to draw conclusions about the White House race, as many key battleground states remain undecided, clear capital flows are emerging across markets ranging from government bonds to betting sites, indicating that Trump is drawing close to victory.
The yield on the U.S. 10-year government bond rose nearly 20 basis points, while Australia's equivalent bond yield increased by nearly 12 basis points. The dollar strengthened and equity markets broadly gained. Craig Vardy, head of fixed income at BlackRock, said the interest rate market is experiencing a "bear steepening," a move consistent with expectations of a Trump victory.
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