Bonds drop but stocks rise while the dollar battles to recover
Investors bet that Democrat control of the US Congress would enable president-elect Joe Biden to borrow and spend heavily
07 January 2021 - 14:30
London — Bonds dropped and stocks rose on Thursday as investors bet Democrat control of the US Congress would enable president-elect Joe Biden to borrow and spend heavily, while a bruised dollar strained to recover from near-three year lows.
US treasuries extended their steepest sell-off in months after Democrat victories in two Georgia races handed them narrow control of the Senate, bolstering Biden’s power to pass his agenda...
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