Macro Strategy Insights

Learning to Speak Trump, Again

Do we have to? Yes, I think we do. Market Results U.S. stock markets had an incredible week, with the S&P 500 and Nasdaq both up around 5%, and the Russell 2000 ripping up almost 9%! Interestingly, at least from my perspective as an election night bond bull, the 10-year Treasury yield finished 8 bps lower on the week and about 27 bps tighter than its widest levels on Wednesday morning. Credit did well too, with CDX IG at 47 bps (the lowest in at least 3 years). But the Bloomberg Corporate Bond OAS stole the show, reaching 74 bps, ... Learning to Speak Trump, Again

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