London — Bond yields rose and the dollar fell on Wednesday on the prospect of more stimulus if Democrats take control of the US Senate following a run-off election in Georgia, while oil hit an 11-month high after Saudi Arabia agreed to reduce output more than expected.

Democratic challenger Raphael Warnock beat Republican incumbent Kelly Loeffler in one of two Senate races in the state, TV networks and Edison Research projected. Democratic challenger Jon Ossoff holds a slim lead over Republican David Perdue in the other, with 98% of votes counted, according to Edison. ..

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