Government-bond yields went on a tear following Trump's win on expectations that the president-elect's immigration and protectionist trade policies would drive inflation and force the Federal Reserve to raise rates. The 10-year note surged as much as 21 basis points to 4.47% on Wednesday, the day after the election.

U.S. equity futures edged lower Tuesday, while Treasury yields and the dollar resumed their recent march north, as investors hit pause on the post-election rally amid early concerns over the fate of U.

A stocks rally following Donald Trump's re-election lost steam Tuesday on worries of a possible trade war between China and the United States, analysts said.