Treasury yields surged after Donald Trump’s presidential win and a likely Republican majority in Congress, indicating investor expectations of higher economic growth and fiscal spending. The 10-year and 2-year Treasury yield rose above 4%. NBC News projected Trump’s victory in key states, with Republicans anticipated to reclaim the Senate. Wall Street analysts predict rising bond yields, as a Republican-led government could drive economic policies that increase the deficit and inflation. The Federal Reserve will announce its interest rate decision on Thursday, with a quarter-point rate cut anticipated.