In the early hours of Wednesday morning, Trump-flanked by his family-declared to supporters in West Palm Beach, FL that it was "a political victory that our country has never seen before" and vowed to "fight for you and your future." He promised, "We're going to make you very happy, we're going to make you very proud of your vote. America has given us an unprecedented opportunity and we will not squander it."
The Associated Press projected Trump's victory in Wisconsin at 5:43 a.m. ET on Wednesday, putting the Republican former president over the threshold needed to become just the second candidate in U.S. history to win two nonconsecutive White House terms, a significant milestone in American political history.
Bond markets responded quickly, with the yield on the 10-year Treasury rising to 4.47% Wednesday morning, up from 4.3% before the first election polls closed on Tuesday, indicating an immediate economic impact from the election results.
Although Trump has vowed to somehow lower mortgage rates if elected, the prospect of his election victory had been driving mortgage rates higher in recent weeks, with rates jumping from a two-year low just weeks prior.
Collection
[
|
...
]