Trump Trade to Continue Dictating Market Moves, Analysts Say
- Election win to push US-correlated Asian rates higher: Allianz
- Lombard Odier sees high-yield credit and gold performing well
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The yen and Asian bonds are among the assets that are likely to continue to be impacted by the outcome of the US election as Donald Trump closes in on the presidency, according to analysts.
The Bloomberg Dollar Spot Index gained over 1%, while a gauge of Asian currencies fell 0.8%, with the Japanese yen and South Korean won dropping by more than 1%. Treasury yields surged, as Trump was projected as the winner across pivotal battleground states with his party set to control the Senate.