US finance/bond market = long-term bond yields rise, Trump returns and observations increase

July 16, 2024 6:06 AM GMT+9 (some excerpts)

In the US finance/bond market, long-term bond yields have risen due to the growing view that there is a high possibility that former President Trump of the Republican Party will return in the November presidential election. If Mr. Trump is re-elected, it is expected that it will lead to accelerated economic growth, higher inflation, and an increase in government debt.
Gennady Goldberg, head of US interest rate strategy at TD Security (New York), pointed out that “in the market, the probability that Mr. Trump will be re-elected is estimated quite high.”