[Institution: The Federal Reserve will adopt a gradual and cautious policy in the short term] Golden Finance reported that Trump's victory will not change the Fed's prospect of a 25 basis point rate cut at this week's meeting, but the central bank "needs to remain vigilant" in the future, wrote Gregory Faranello, head of US interest rates at Amerivet Securities. Faranello said: "Wednesday's election results will only reinforce our views on gradualism, caution, lack of forward-looking guidance and open-mindedness." In response to the results of the US election, investors sold US Treasuries, pushing up yields. The 10-year Treasury yield is now at 4.451%, and the 2-year Treasury yield is at 4.287%.