Wall Street Maps Out What a Trump Win Would Mean for Bonds
- Strategists see higher inflation, yields in a second term
- US 30-year yield rate reaches highest level in a month
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.
After 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.