Franklin Templeton’s Andrew Canobi said the initial market response to the U.S. midterm elections showed a modest shift from stocks into bonds and a degree of risk aversion, according to BlockBeats.
Election market reaction
Canobi, the firm’s head of Australian fixed income, said a Democratic takeover of Congress could be viewed as a constraint on President Donald Trump’s growth agenda, particularly in artificial intelligence and resources.
Australian bonds
BlockBeats also reported that Australian three-year government bond yields had fallen 15 basis points since the start of the week as traders assessed whether the Reserve Bank of Australia was nearing the end of its rate-hike cycle.
Source: BlockBeats English report, published Nov. 4, 2026.