Treasury yields fall as the midterms result in a split Congress; Fed gathers for two-day meeting

U.S. government debt prices rose on Wednesday as midterm election results came in line with expectations, seeing the Democrats taking control of the House of Representatives and splitting Congress. As of 5:10 a.m. ET, the yield on the benchmark 10-year Treasury note fell to around 3.182 percent, while the yield on the 30-year Treasury bond dropped to around 3.389 percent. Meanwhile, the yield on the two-year Treasury pared gains seen in the previous session slightly, falling to around 2.92 percent.