Having stretched as high as $1.1299 in the initial panic over Trump's win, the euro then slumped all the way to $1.0913 - a move of nearly four cents.The action was no less noteworthy on Wall Street, where S&P 500 futures had shed 5 percent at one stage in Asia on Wednesday only to stand 1.1 percent higher late in the day.The Dow jumped 1.4 percent, while the cash S&P 500 and the Nasdaq both added 1.11 percent.
Clinton is in a tight race for the White House with Republican nominee Donald Trump.
The U.S. bond market is closed on Friday for the U.S. Veterans Day holiday. The European equivalent rose to a level last seen in late May at 1.4890 percent. "When we think through the possible implications of some of Trump's proposals which have to do with increasing tariffs, the most immediate implication is increasing prices - which is inflation", Michael Hasenstab, CIO of Templeton Global Macro, said in an emailed statement. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. The two-year note yield, meanwhile, also traded higher at 0.919 percent.
Amid expectations of higher spending and inflation under Trump, yields on U.S. Treasury 10-year notes reversed an initial plunge to 1.716 percent and bolted to 2.09 percent overnight, the highest since January.
It's a little hard for individual investors to see the outperformance since they are judged relative to ordinary Treasuries, which have been falling in price as rates rise.
There have been other times recently when investors predicted a lasting turn in bond yields that never quite happened.
Katy Perry Reveals Parents Voted For Trump
She continues: 'But you know what? "We will still all be sitting at the same table for Thanksgiving", Perry, 32, said . Hillary Clinton was heavily favored, and supported, by celebrities during her campaign.
Curve steepening persists with the 2-10-year spread wider at 117 bps. But a return of his more populist campaign rhetoric or signs that the career businessman is having trouble navigating Washington or working with foreign leaders could cause a shift in sentiment.
"If Trump's policies boost GDP as expected, it reduces the need for the Fed to keep yields low and may even provide a window of opportunity for modestly reducing their balance sheet in 2017", said Bryce Doty, senior portfolio manager at Sit Fixed Income Advisors, in Minneapolis. Typically, investors buy government bonds, viewed as safe assets, and shy away from those assets viewed as risky in times of uncertainty.
Thirty-year bonds dropped more than 4 points to yield 2.870 percent, up from 2.63 percent on Tuesday.
"We expect a Trump Treasury to elevate the importance of the bilateral trade surplus with the U.S.in identifying currency manipulators and intensify pressure on trade partners to allow currencies to appreciate", Tim Condon, an Singapore-based economist at ING, said in a report.
The 30-year government debt sale marked the final leg of the quarterly refunding, which had already seen a poor reception for $24 billion of three-year notes and $23 billion of 10-year debt earlier this week.