Treasuries Suffer Worst Month Since 2009 on Trump Ripple Effect
- OPEC deal, Mnuchin comments on longer maturities also at work
- Yield curve should flatten, Deutsche Bank’s Slok says
Has the U.S. Bond Yield Rally Further to Run?
This article is for subscribers only.
Treasuries wrapped up their worst month since 2009 as investors pulled money from the U.S. bond market on speculation Donald Trump’s victory in the presidential election will pave the way for increased fiscal stimulus.
A Bloomberg Barclays index tracking the Treasuries market lost 2.4 percent this month through Nov. 29. U.S. government debt extended declines Wednesday as OPEC reached a deal to cut oil output, while Trump’s pick for Treasury secretary said he’ll consider adding longer maturities.