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Credit Markets Rally on Blue Wave Prospect for Greater Stimulus

Jan. 6, 2021, 4:33 PM

Bond buyers are expecting a larger fiscal stimulus to boost support for an economy ravaged anew by the latest surge in coronavirus cases, as Democrats edge closer to clinching control of the Senate.

A fear gauge of the market is easing Wednesday as investors react to the Georgia elections results. Democrat Raphael Warnock has secured his victory, according to the Associated Press, and Jon Ossoff is seen holding a slim lead over his Republican opponent.

“If it is a blue wave, I’d say that’s incrementally positive for the credit markets,” said Collin Martin, a fixed-income strategist at Charles Schwab....

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