According to CoinMeta, Andrew Carnaby, head of fixed income at Franklin Templeton Australia, stated that the initial reaction of financial markets to the mid-term elections in the United States can be summarized as a slight shift of funds from stocks to bonds, indicating a certain risk-aversion tendency. He added that if Democrats control Congress, the market may see this as a constraint on U.S. President Trump's growth agenda, especially in the areas of artificial intelligence and resources. Furthermore, as traders believe that the Reserve Bank of Australia (RBA) may be nearing the end of its interest rate hike cycle, the yield on three-year Australian government bonds has fallen by 15 basis points since the beginning of this week.