Treasury yields are rising again. The 2-yr note yield is up six basis points to 4.38% and the 10-yr note yield is up seven basis points to 3.88%.
Fed Governor Christopher Waller said “we’ve still got a ways to go” before stopping interest rate hikes, according to Bloomberg.
Democrats will keep control of the Senate following wins in Arizona and Nevada.
Republicans are likely to have small majority in House once all votes are counted.
The U.S. Dollar Index is up 0.6% to 106.91.