High turnout, yields go up sharply

12:35 AM 4 November 2020

Over 100 million Americans chose to vote early. In 2016, approximately 137.5 million votes were cast overall, of which 47 million were cast earlier. Nevertheless, it can now be expected that a large proportion of the votes have already been cast due to the pandemic.
Biden's election team shows strong performance in Wisconsin, Michigan, North Carolina, Georgia, Pennsylvania, Arizona and Nebraska-2. Florida, on the other hand, is very uncertain. Of course, this information should be taken with a grain of salt. Due to the later closure of polling stations in some places, the exit poll results are yet to be published. Polling stations are closing in Indiana and Kentucky.
Meanwhile...
EURUSD clearly up amid a clear rise in yields - the market begins to initially price Biden victory (it is too early to say anything). US500 contracts open higher and are already at their yesterday's highs.

EURUSD is rising, and it has reached its highest level in several days. Yields clearly up by almost 6 basis points. Source: xStation5

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