According to CoinMeta, the mid-term elections in the United States have boosted U.S. Treasurys, with the market betting that bond supply may be limited, and U.S. Treasury bonds are expected to rise for a second consecutive trading day. The Democratic Party's comprehensive victory in the mid-term elections has led to expectations that Trump's tax and spending plans may be constrained. Yields on U.S. Treasurys of all maturities fell by at least 3 basis points, with the yield on the benchmark 10-year Treasury note dropping to 4.84%, the lowest level since September 10. The U.S. Dollar Index fell by 0.2%, after already recording the largest single-day decline in two months on the previous trading day. George Bori, chief investment strategist for fixed income at a global investment firm, stated in a report: "The market seems to welcome the election results, as the power transition was smooth and orderly, and the future policy agenda is expected to become more moderate. Next year's fiscal deficit may shrink, which is good news for bond investors." The Democratic Party's comprehensive victory has injected vitality into the U.S. bond market, with market expectations that if it becomes more difficult for Trump to implement his spending plans, the issuance of U.S. Treasury bonds may be limited.