The bond market has experienced a sudden shift, with yields plummeting and debt prices rising. This change comes amid a tight election race, where Vice President Kamala Harris has gained momentum in one key state. As a result, investors are backing away from "Trump trades" that had anticipated higher inflation. The 10-year Treasury note yield fell to its lowest level in four months, while the 30-year bond yield also declined.
Source: https://www.marketwatch.com/story/bond-market-trump-trades-suddenly-at-risk-amid-tight-election-race-ae0bd110?mod=mw_rss_topstories