Treasury Futures Volumes Surge to Year's High on Midterm Fever
Photographer: Andrew Harrer/Bloomberg
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The U.S. midterm election results may have predictable and even boring, but not for those who traded Treasuries as the vote-count started.
Trading volumes in Treasury futures from the Tokyo open surged to more than 630,000 contracts, the highest for an Asian session this year that compares with an average daily volume of 122,000. The numbers captured activity after Fox News reported that the Democrats had gained control of the House of Representatives.