Politics

Treasuries Set for Best Week in Two Months After Trump Whiplash

The US Treasury building in Washington, DC.
The US Treasury building in Washington, DC. Photographer: Kent Nishimura/Bloomberg

Treasuries are poised for their best week since early September after a volatile five days of trading dominated by Donald Trump’s victory in the presidential election.

US bonds rallied again on Friday as investors trimmed the huge run-up in rates that greeted Trump’s win. Yields on 30-year bonds, which bore the brunt of Wednesday’s losses amid fear the incoming administration’s policies will boost inflation, retreated to 4.5% — taking a drop over the past five days to 7 basis points.

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