Treasury Yields Decline as Investors Seek Safe Haven in Bonds Amid Election Uncertainty

Traders on the New York Stock Exchange floor conducted morning session activity on August 24, 2026, amid shifting market dynamics.

Angela Weiss | AFP | Getty Images

Treasury yields declined as investors sought refuge in bonds, driven by equity futures sell-offs following Democratic projections of midterm election victories.

The benchmark 10-year Treasury note yield dropped nearly 5 basis points to 4.902%. The 30-year bond yield slid 5.29%, and the shorter-term 2-year note yield pulled back 6 basis points to 4.55%.

One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.

Democrats are projected to secure the House according to CNBC Election Desk models, with Senator Roy Cooper projected to win a seat in North Carolina despite an up-for-grabs Senate.

Stock futures declined sharply as election results unfolded. Contracts linked to the S&P 500 slipped 1.1%, while Nasdaq-100 futures dropped 2%. AI-related shares, which had driven the bull market, tracked overnight losses amid concerns that Democratic policies could constrain data center expansion.

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