News Formal

US bond market reacts to Biden's exit with 'Trump trade' reversal

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 22 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 113%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

NEW YORK, July 22 - U.S. government bond investors on Monday unwound some of the trades that were put in place on expectations of a second U.S. presidency of Republican Donald Trump, as U.S. President Joe Biden's exit from the presidential race was seen as improving the Democrats' elections odds.

"The market’s response to the presumed change to Harris is a slight offset to the ‘Trump-trade’ of renewed inflationary angst," analysts at BMO Capital Markets wrote in a note. Long-dated bond yields tend to reflect market expectations of the long-term trajectory of economic growth and inflation, while shorter-dated debt securities typically move in line with expectations of monetary policy changes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks and cryptos trade sideways as investors eye PCE report, Biden-Trump debateThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »