Will Trump Push U.S. Economy Into Overdrive?
More than $1 trillion has been wiped off the value of bonds around the world this week as U.S. President-elect Donald Trump’s policies are seen boosting spending and quickening inflation. The capitalization of a global bond market index slid by $450 billion Thursday, a fourth day of declines that pushed the week’s total above $1 trillion for only the second time in two decades, Bank of America Merrill Lynch data show. Global stocks gained $1.3 trillion in the same period. Yields on U.S. 30-yearbonds, which are more sensitive than shorter maturities to the outlook for inflation, jumped the most this week since January 2009. ABN AMRO Private Banking Head of Fixed Income Mary Pieterse-Bloem discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."