The UST10-Year yield is at 1.941% this morning after closing at 1.855% on Tuesday.
Treasury yields are sharply higher this morning after Donald Trump's historic upset of Hillary Clinton to become the 45th president of the United States. Rates are higher because investors predict that Trump's policies regarding Tax cuts and infrastructure spending may expand the US balance sheet. Another possibility is Trump will use of fiscal stimulus to grow the economy now that the Republicans have control of both the White House and Congress.
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Treasury yields are sharply higher this morning after Donald Trump's historic upset of Hillary Clinton to become the 45th president of the United States. Rates are higher because investors predict that Trump's policies regarding Tax cuts and infrastructure spending may expand the US balance sheet. Another possibility is Trump will use of fiscal stimulus to grow the economy now that the Republicans have control of both the White House and Congress.
This morning we had MBA Mortgage Applications which came in at -1.20% week over week and later today will be Wholesale Inventories. Thursday we have Initial Jobless Claims, Continuing Claims, Bloomberg Consumer Comfort and Monthly Budget Statement. Friday just has the University of Michigan Sentiment survey.
The curve has bear-steepened with the UST 10-Year 8.6 bps higher from prior closing.