Trump’s freewheeling disruption could extend to the dollar

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Financial Times 2d ago

Trump’s freewheeling disruption could extend to the dollar - Financial Times

Quick Summary:

Some large global reserve managers are jittery, judging from a pullback in demand for Treasuries after election day and a rampant ascent in the price of gold, but the stumble in bond prices at the start of this year has dissipated.

In financial markets, investors are looking on with bemusement verging on outright approval.

It turns out the bond market is happy to see federal spending reduced, by whatever means Musk and his so-called Department of Government Efficiency deem necessary.