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How a 'Trump Factor' Could Be Behind the Rise in Yields That's Shaking Global Markets

The Republican nominee is also boosting the U.S. dollar and hurting emerging market currencies, says SocGen.
Pictured: Donald Trump, providing his directional call for Treasury yields.

Pictured: Donald Trump, providing his directional call for Treasury yields.

Photographer: David Paul Morris/Bloomberg

Donald Trump is making the 10-year Treasury yield great again, according to Societe Generale SA.

A team led by Vincent Chaigneau, Global Head of Rates & FX Strategy, says the increase in the real estate mogul's odds of ascending to the presidency, as reflected in recent state and national polls, has "contributed to the back-up in yields."