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Polls suggest that political outcome is likely once again from US midterm elections on Nov. 3. Democrats are projected to wrest control of at least one chamber of Congress from the Republican Party, while falling short of gaining enough seats to override President Donald Trump's veto power. Read more: Global Market Today: Asian stocks advance on resurgent AI optimism Since the mid-1990s, a split Congress or government has often been a bullish recipe for Treasuries. Benchmark 10-year yields have been lower on average one and 12 months after midterms that produced such a result, Bloomberg-compiled data show. By making it harder to pass major spending legislation, that setup was seen as a sure way to rein in government spending and contain swelling budget deficits. Read more: Four Indian-origin executives in the spotlight as Anthropic files for IPO This time, investors doubt that legislative paralysis will be enough to bring yields down from around the highest in nearly a quarter century. The federal budget gap, at roughly 6% of the economy, has rarely been this large outside of a recession. - Bloomberg (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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