Reported about 1 year ago
Since the odds of former US President Trump winning the next presidential election have increased post his performance in the first TV debate and a recent Supreme Court ruling granting him absolute immunity for presidential actions, there has been a surge in the US 30-year bond yields. Wall Street banks such as Goldman Sachs and Morgan Stanley are reassessing the bond market outlook in response to the possibility of Trump's victory. If Trump wins in November, the inflation may become more entrenched, prompting long-term bond yields to rise, urging clients to position themselves accordingly.
Source: YAHOO