Reported 8 months ago
Boaz Weinstein, founder of Saba Capital Management LP, expressed that U.S. President Joe Biden would be more favorable for the bond market compared to former President Donald Trump, citing Biden's focus on national interests rather than the stock market. Weinstein's remarks were made during the Bloomberg Invest event in New York, where he highlighted concerns about market volatility related to the upcoming U.S. presidential election and the impact of fiscal sustainability on bond yields.
Source: YAHOO