It is thought that Trump’s pledge to introduce tax cuts and steep tariffs could boost economic growth — but widen the fiscal deficit and refuel…
It is widely thought that Donald Trump's pledge to introduce tax cuts and steep tariffs could boost economic growth — but widen the fiscal deficit and refuel inflation.
, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. The 10-year Treasury yield traded more than 3 basis points higher at 4.4158% on Wednesday morning. Yields and prices move in opposite directions. One basis point equals 0.01%."In Europe, there's been a slight reprieve on not-as-bad-as-expected data but also on the realization that Trump policies will take a quarter or two to enact," EFG International's Remtulla said.
"As a result, many managers had already positioned their portfolios to be slightly tilted towards European credit and away from US corporate bonds," she added.How to protect your portfolio against risks tied to President-elect Trump's tariff agenda20% tariff "I guess, as always, different strokes as far as individual central banks and countries are concerned but I think there are more crosscurrents than offsetting here because tariffs could well end up being a lot more disruptive and damaging on growth," Goel said.
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