Bond futures fall and the Dollar Rises as Trump Wins Bets – Asia Market Wrap
Following an attempted assassination, investors increased their bets that Donald Trump would win the US presidential election, which caused the Dollar to rise and Treasury futures to decline.
The Mexican peso fell, the dollar gained ground versus the other Group of Ten currencies, and Bitcoin reached its highest level in almost two weeks. Treasury rates were expected to increase when cash trading began in Europe, according to futures.
The actions are wagers on the possibility that the Republican-led administration will enact tighter fiscal policy and greater tariffs upon taking office again, which is generally seen to strengthen the Dollar and depress Treasuries.
Stocks slipped Asia, with Chinese stocks in Hong Kong extending losses after data showed weakening momentum in the world’s second-largest economy. Indian shares climbed and S&P 500 contracts pointed to a higher US open.
