US Bond Yields Surge as Trump Win Stokes Inflation Expectations
- Selloff stalls after strong demand for auction of 30-year debt
- Inflation expectations jump as Fed meets on interest rates
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Treasury yields surged as investors piled back into bets that Donald Trump’s return to the White House will boost inflation.
The US government bond selloff was among the worst of the past five years, lifting yields across maturities by nine to 17 basis points as traders slashed wagers on the scope of interest-rate cuts by the Federal Reserve over the next year. They still expect the central bank to cut rates by a quarter point on Thursday.