(Bloomberg) -- Financial giants from Goldman Sachs & Co. to Morgan Stanley and Barclays Plc. are taking a fresh look at how a Donald Trump victory in...
-- Financial giants from Goldman Sachs & Co. to Morgan Stanley and Barclays Plc. are taking a fresh look at how a Donald Trump victory in November could play out in the bond market .‘Upflation’ Is the Latest Retail Trend Driving Up Prices for US ConsumersAfter last week’s debate hurt President Joe Biden’s chances of winning reelection, Wall Street strategists are urging clients to position for sticky inflation and higher long-term bond yields .
Buy-side investors like Jack McIntyre, a portfolio manager at Brandywine Global Investment Management, are increasingly taking note. The uptick in Treasury yields was led by the longest maturities, with 30-year bond yields up as much as nine basis points to a session high of 4.65%, the highest level since May 31.
With the makeup of Congress after November unclear, assumptions about how Trump policies will impact markets are on shaky ground, Kathy Jones, chief fixed-income strategist at Charles Schwab said. The first presidential debate between President Joe Biden and Former President Donald Trump caused a stir in the political landscape which could filter over into the financial landscape. As the election season heats up and polls change, uncertainty around who will win in 2024 may have an impact on the stock market. As new markets begin to emerge, how each candidate may handle and regulate those markets may differ, adding to uncertainty.
Donald Trump Bloomberg Bond Yields Goldman Sachs Treasury Yields Bond Market Republican Sweep Wall Street Matthew Hornbach
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