Treasury yields fall as investors seek safety in bonds during election-driven stock sell-off

Treasury yields fell Tuesday night as investors sought safety in bonds during a stock futures sell-off triggered by projected Democratic victories in the U.S. midterm elections. The benchmark 10-year Treasury note yield dropped nearly 5 basis points to 4.902%, while the 30-year bond yield slid 5.29% and the 2-year note yield pulled back 6 basis points to 4.55%. Democrats are projected to win the House, and have flipped a Senate seat in North Carolina. Stock futures fell sharply, with S&P 500 contracts down 1.1% and Nasdaq-100 futures sliding 2%. AI-related shares led the decline on fears Democrats would slow data center buildout.