According to CoinMeta, the prospect that the Democratic Party will control Congress in the United States leads investors to believe that the resulting political deadlock in Washington will curb government spending. Additionally, regulation of artificial intelligence (AI) may also drag down U.S. economic growth, thereby reducing the necessity for further interest rate hikes. Influenced by these factors, U.S. Treasury bond prices rose on Wednesday, with the yield on 10-year Treasuries falling by about 5 basis points to 4.90%, and the yield on 2-year Treasuries dropping slightly to a near-two-month low of 4.5458%. Boosted by reduced expectations of U.S. interest rate hikes, the stock market saw an upward trend.