BlackRock: All aspects of the market indicate that Trump will win

On November 6, while it was too early to draw conclusions about the battle for the White House, as many key battleground states were still undecided, there were clear flows of money in everything from the government bond market to betting sites, suggesting that Trump was not far from victory. The US 10-year government bond yield rose by almost 20 basis points, while the yield on its Australian counterparts rose by almost 12 basis points. The dollar is higher and the stock market is generally stronger. Craig Wady, head of fixed income at BlackRock, said the Intrerest Rate market is “bearish steepening”, which is a trend in anticipation of Trump’s victory. (Golden Ten)