The US dollar, Treasury yields, and stock futures traded up on higher betting market odds of a Trump win.
Markets are moving on early US election results that favor Donald Trump.
US Treasury yields and the dollar are rising, with stock futures and cryptocurrencies also gaining.
The moves reflect the expected impact of Trump’s policies.
Investors are turning to the Trump trade on election night as early results favor the former president.
Trump has a commanding electoral-vote lead, with 230 to Democratic candidate Kamala Harris’ 200 as of 12 a.m. in New York. The New York Times’s Needle currently gives Trump an 88% chance of victory, while online betting sites, including PredictIt and Polymarket, also showed Trump comfortably ahead in the race for the White House.
The strong early showing has resulted in a continuation of the so-called Trump trade, which has for months hinged on the former president’s election odds. Central to the trade are Trump’s plans for a near-universal tariff and mass deportations, which would push inflation higher.
Here’s a rundown of how markets are moving in response to Trump’s climbing odds:Treasury yields are sharply higher
The benchmark 10-year Treasury yield climbed 17 basis points to 4.
