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Inflation isn’t driving the bond market right now — Trump is, Ed Devlin says

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The latest U.S. inflation reading on Wednesday showing the consumer price index going up at a 2.6 per cent rate didn’t impact the bond market all that much because the market is focusing more on the looming Donald Trump presidency.

Ed Devlin, Senior Fellow at the C.D. Howe Institute and a former portfolio manager at PIMCO weighs in on the latest data showing U.S. inflation at 2.6 per cent.

That’s according to Ed Devlin, founder of Devlin Capital, former portfolio manager at PIMCO and a Senior Fellow at the C.D. Howe institute, speaking in an interview with BNN Bloomberg on Wednesday.numbers which showed “The bond market was bracing for the worst and when it hit on the screws you had a relief rally there,” he said.

 

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