Presidential Election Trumps the Fed

One of the biggest losers of Trump’s surprise election victory has been long- term (10+ year) US Treasury bonds. Long-term yields had already begun to rise from their 7/8/16 all-time lows, but the increase accelerated sharply, with 10-year yields up another 0.50% in the 2.5 weeks since the 11/8/16 election. The surging yields have virtually…Click to read more at