While you were sleeping: US Treasuries slide

Mon, 14 Nov 2016

By Margreet Dietz Nov. 15 (BusinessDesk) - US Treasuries dropped, while the greenback strengthened amid expectations that Donald Trump will boost government spending and inflation when he takes over the US presidency. "We’ve had a sentiment shift in the bond market. We’ve seen it, too. People have already started reallocating out of bonds and into stocks,” Jeffrey Gundlach, chief executive officer of Los Angeles-based DoubleLine Capital, told Reuters. "The cracks have been forming for five years – we’re in this slow-grinding higher phase...

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