The tightening race for the White House between Vice-President Kamala Harris and former President Donald Trump is causing uncertainty on Wall Street.

Recent projections suggest that Trump could potentially regain the presidency and secure a Republican majority in both the Senate and the House of Representatives. This has raised concerns among investors about the potential implementation of Trump's proposed policies, such as corporate tax cuts and increased government spending.

The strengthening domestic economy has led to fears of rising inflation, which could challenge the independence of the Federal Reserve. Investors are worried that a halt to the current cycle of interest rate cuts could disrupt the positive sentiment on Wall Street. As a result, yields on the bond market are increasing, which typically unsettles investors who have benefited from falling yields in recent times. If this upward trend in yields continues, it could put additional pressure on the bond market and indicate a shift in the financial landscape.