US bond market partially dissolves “Trump trade” and the possibility of democracy winning rises
July 23, 2024 2:13 AM GMT+9 (some excerpts)
On the 22nd, US bond investors resolved part of the “Trump Trade” betting on a scenario where former President Trump will be re-elected in the US presidential election. The background is that the possibility that the Democratic Party will win has increased since US President Biden expressed his intention to withdraw from the presidential election.
Long-term bond yields declined in the early part of the day's market. The 10-year government bond yield, which is an indicator, fell by about 2 basis points (bp) to 4.219%, and the 30-year government bond yield fell by about 3 bps to 4.424%.
Long-term bond yields declined in the early part of the day's market. The 10-year government bond yield, which is an indicator, fell by about 2 basis points (bp) to 4.219%, and the 30-year government bond yield fell by about 3 bps to 4.424%.
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