Investors lose US$337b as bonds whipsaw on Trump victory
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
