Bond yields and oil prices drop ahead of US vote

Government bond yields fell on Monday, with the 10-year yield dropping to 7.31 percent, its sharpest fall since early April, according to The Economic Times. Oil prices also slid nearly 5 percent, with Brent crude futures down to 108 dollars per barrel. Traders held back on new positions ahead of the US midterm elections on Tuesday. CNBC reported later that the benchmark 10-year Treasury yield eased 1 basis point to 4.9291 percent, while S&P 500 and Nasdaq-100 futures were lower, and that Democrats were projected to win at least the House and the Senate.