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Lisa Abramowicz

Bond Market's November Surprise

The investing principles were solid. Until they weren't.

American bond buyers have followed a fairly straightforward set of investing rules in recent years. It took just a few weeks for those principles to be upended.

Before the election of Donald Trump as the next U.S. president, these basic guidelines included: don’t fight central bankers and their all-powerful monetary policies. Don’t expect a sudden surge in inflation. And count on ultra-low bond yields in Europe and Japan to continue pushing money out of those places and into the U.S.