Treasury yields fell on Wednesday as investors moved money into bonds for safety during a stock market sell-off tied to election results. The 10-year Treasury note yield dropped 3 basis points to 4.9167%. The 30-year bond yield fell 3 basis points to 5.29%. The 2-year note yield stayed roughly flat at 4.6101%.
Yields and prices move in opposite directions. When investors buy bonds, prices rise and yields fall.
Stock futures declined sharply as election results came in. S&P 500 futures fell 0.17%, and Nasdaq-100 futures dropped 0.25%. AI-related stocks, which have led recent gains, fell the most overnight. Some investors worried that Democrats would slow data center construction.