Singapore

GLOBAL bond investors lost US$337 billion in a single day on Wednesday as Donald Trump's election as US president sparked concern that his plan to boost economic growth will lead to a surge in inflation.

The total market value of bonds around the world slid by US$692 billion over the past three days, data compiled by Bank of America Merrill Lynch show, bolstered by speculation that Mr Trump's victory and a Republican-led Congress will lead to a wave of spending. Traders boosted their inflation outlook and increased bets that the Federal Reserve will raise interest rates. Bonds had initially risen on haven demand as the early vote count showed Mr Trump set to win the election, before changing direction.