Markets Await U.S. Election Victor, Says Dewan
Treasuries fluctuated amid rising volatility as the market was wedged between the prospect of higher interest rates and a U.S. presidential race that’s underpinning demand for the safest assets. A measure of bond-market price swings has surged to the highest in almost two months as Democrat Hillary Clinton sees her lead over Republican candidate Donald Trump shrink with just days to go before the Nov. 8 vote. The Federal Reserve said Wednesday that the case for a rate increase “has continued to strengthen,” while the market-implied probability of a December move has jumped to 78 percent. Hassium Asset Management CEO Yogi Dewan discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."