FYI: Donald Trump’s electoral victory has had an immediate impact on the Treasury curve, pushing longer-dated yields higher amid expectations that the president-elect’s push for tax cuts and increased infrastructure spending will trigger inflation.
The market is said to be pricing in a 95% chance of a rate hike in December now, and the 10-year Treasury yield jumped some 21% in one week, going from 1.83% the day before the election, Nov. 7, to 2.22% a week later—its highest read since early January.
Regards,
Ted
http://www.etf.com/sections/features-and-news/short-term-treasury-etfs-spotlight-after-election?nopaging=1
