Nov 11, 2016

Bond Market: Explosive Move In Yields In Reaction To Trump

We had an explosive move in yields. Some people are saying, well maybe this is just the bond market reacting to the possibility of higher growth. No! This is the bond market reacting to the possibility of much bigger deficits, huge supply. What Donald Trump is promising to do is going to explode an already enormous budget deficit. (10- year U.S. Treasuries, iShares Barclays 20+ Year Treasury Bond ETF (TLT), 30-year U.S. Government Bonds)

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