[Democratic Control of Congress Reduces Market Expectations for Interest Rate Hikes] BlockBeats reported on November 4th that the prospect of the Democratic Party controlling Congress led investors to believe that the resulting political gridlock in Washington would curb government spending, and that artificial intelligence (AI) regulation could also drag down US economic growth, thus reducing the need for further interest rate hikes. As a result, US Treasury prices rose on Wednesday. The 10-year Treasury yield fell about 5 basis points to 4.90%; the 2-year Treasury yield further declined slightly to a near two-month low of 4.5458%. Boosted by reduced expectations of US interest rate hikes, the stock market rose. (Jinshi)