When it comes to Donald Trump’s plan to “Make America Great Again,” the bond market is sending the president-elect a simple and unambiguous warning.
“They’re basically selling Treasuries because they really don’t know what Donald Trump has in store for them”
Yields of 10-year U.S. Treasuries will either plunge the most since Brexit or hold steady, depending on the result of the presidential election.
Key gauges of investor uncertainty are lower now than they were leading up to Britain's vote to leave the EU.
The debt burden of all that Fed bond buying is about to come due.