Following President-Elect Trump’s reelection on Tuesday, Treasury yields surged, with the 10-year bond yield rising as much as 21 basis points to 4.48%.
The market anticipates stronger growth and higher inflation under the new administration. The two-year inflation swap rate jumped 20 basis points to 2.62%, the highest since April.
The situation is much like the aftermath of the 2016 election, where Trump’s victory also led to a surge in inflation expectations and bond yields.
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