Trump presidency would cause spike in US bond yields, says Edmond de Rothschild investment boss

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LONDON: A win for Donald Trump in the U.S. presidential election in November would herald a spike in long-term U.S. Treasury yields, said Edmond de Rothschild Asset Management’s Chief Investment Officer Benjamin Melman on Thursday.

Trump’s approach on taxes and immigration would put pressure on the U.S. labour market and wider economy, Melman told a press conference on the firm’s H2 outlook.Trump has established a sizable lead over President Joe Biden in the White House race since the two candidates debated on June 27.

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Trump also has plans to launch the largest deportation effort in U.S. history, focusing on criminals but aiming to send millions back to their home countries.“When the odds of Trump being elected got higher suddenly, the risk pricing from the markets was immediate,“ Jacques Aurelien Marcireau, co-head of equities at of Edmond de Rothschild, told the press conference.

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