The jump in yields fuelled bullish bets on the dollar, which boasted its biggest daily gain since early last year. The euro, yen and Swiss franc all sank more than 1%, while the trade-exposed Australian and New Zealand dollars dived to three-month lows. [USD/]

Traders across an array of asset classes in financial markets were positioning in a way that made it clear they had come to the same assumption long before Tuesday evening’s election results are finalized: that Republican Donald Trump would likely take the White House.

Investors are wading into trades linked to a potential Trump victory, sending shares of DJT and Tesla higher.

U.S. stock futures and the dollar surged as investors wagered Republican Donald Trump could win the U.S. presidential election, although officially the race remained too close to call. Trump was broadly drawing more support than he did in his failed 2020 campaign and had won 211 Electoral College votes compared with 145 for his Democratic rival,