US: Democrats Hold Strong Leader In Generic Congressional Ballot

Jan-23 18:06

Silver Bulletin has launched its generic Congressional ballot ahead of the 2026 midterm election: “Today, our average has the generic ballot at D +5.3. That’s an 8.7-point shift toward Democrats over the past year. For historical context, that puts Democrats behind where they were at this point in 2018 (D +9.3), but ahead of where the opposition party was this far into other recent cycles.”

  • Nate Silver notes, “Democrats currently lead by 5.3 points in our generic ballot average. That implies that everything from an 11.0-point Democratic win to a 0.4-point Republican edge is within the margin of error, which covers 95 percent of possible outcomes.”
  • The Hill noted yesterday, "Democrats are ahead of Republicans by 6 percentage points on a generic congressional ballot, according to a poll released Thursday. In the Emerson College poll, 48.1 percent of respondents backed a Democratic candidate in a hypothetical 2026 match-up. The Republican candidate garnered 41.7 percent backing in the hypothetical matchup and 10.2 percent were undecided."
  • Democratic strategist James Carville told Fox News on Saturday that this year’s midterms are going to be a “wipeout” for the GOP and that Democrats will win at least 25 seats, per the Hill. 

Figure 3: “Do you approve or disapprove of the way Donald Trump is handling …”

 A graph with a line

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Source: Silver Bulletin

Historical bullets

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US TSYS: Tsys Extended Highs Ahead Early Christmas Holiday Close

Dec-24 17:02
  • Treasuries look to finish moderately higher on Wednesday's shortened Christmas eve session, extending the top end of a narrow session range after the Tsy 7Y Note auction traded slightly through: 3.930% high yield vs. WI of 3.932%; bid-to-cover at 2.51x vs. 2.46x prior.
  • TYH6 currently trades +5.5 at 112-15 vs. -15.5 high on very light volume (462k), key short-term resistance well above at 112-31, the Dec 18 high.
  • Treasury curves mildly flatter: 2s10s -.903 at 61.963, 5s30s -1.367 at 107.314.
  • Cross asset roundup: Bloomberg US$ index lower/inside range: BBDXY -1.36 at 1200.53, Gold weaker by 7.04 at 4477.51, stocks firmer with SPX eminis +24.00 at 6985.00.
  • Markets closed for Christmas tomorrow, back to full session on Friday. Only one data release Friday: Dallas Fed weekly economic index at 1130ET. No scheduled Fed speakers Friday.