Risk assets rally but bond market views Trump victory with caution

Quick Summary:

By late afternoon on Wednesday, the benchmark 10-year Treasury yield was up 0.15 percentage points to 4.44 per cent — its highest level since July — while the longer-dated 30-year yield climbed 0.17 percentage points to 4.62 per cent, reflecting a steep decline in price.

Economists have warned that several of Trump’s proposed policies, including corporate tax cuts, sweeping tariffs and the deportation of millions of immigrants could cause a resurgence in inflation just as the Federal Reserve had grown confident that it had brought price rises under control.

Bond investors “will be paying a lot of attention” to the final balance of power in Congress, said Dec Mullarkey, managing director at SLC Management.“Rates are by far the most responsible asset class in paying attention to the deficit.

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Article Details

Author / Journalist: Nicholas Megaw

Category: MarketsFinanceInvesting

Markets: United States

Topics: Trump’s Wednesday Bond Decisive Rates Market Cent Financial Investors Global Expectations

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:00:46 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 981 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23457276

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