Treasury yields fall as investors eye jobs data after midterms

U.S. Treasury yields fell broadly on Thursday as investors weighed midterm election results and awaited upcoming employment data. The 10-year yield dropped about 3 basis points to 4.865%. The 2-year yield was flat at 4.581%, while the 30-year yield declined 3 basis points to 5.245%. Democrats winning Congress raised policy questions, and falling oil prices reduced inflation concerns. Traders are also watching weekly jobless claims due Thursday and October's nonfarm payrolls report on Friday. Surging oil prices have pressured global bonds this year due to Middle East supply constraints.