Treasury Yields Climb as Americans Cast Ballots

Treasury yields moved higher Tuesday afternoon as Americans cast ballots. The two-year note gained 4.4 basis points, now at 4.623%, according to Breaking The News. The 10-year yield jumped 6.0 basis points, now at 4.954%. The 30-year bond rose 5.7 basis points, now at 5.326%, with the data reported at 3:57 pm ET.

The uptick in yields comes as voters head to the polls. Bond yields and prices move in opposite directions, so rising yields mean investors are demanding higher returns. The 10-year yield is now just under 5%, while the 30-year sits above 5.3%.

The report noted that more information is expected. The yield moves were broad across the curve, with the 10-year seeing the largest jump in basis points. The source did not provide further details on the cause of the moves.

Investors are watching the election results as they come in. The source said more to come, indicating the story is still developing. For now, the bond market shows higher yields as Americans vote.