Gelonghui on November 7th | Trump's victory will not change the prospect of the Fed cutting interest rates by 25 basis points at this week's meeting, but the central bank "needs to remain vigilant," said Gregory Faranello, head of US interest rates at Amerivet Securities. Faranello said, "Wednesday's election results will only strengthen our view of gradualism, caution, lack of forward guidance, and open-mindedness." In response to the US election results, investors sold US treasuries, pushing up yields. The yield on 10-year treasury bonds is now at 4.451%, while the yield on 2-year treasury bonds is at 4.287%.