U.S. Treasuries Staged a Wild Intraday Swing After the Election
A whipsaw in the world's most liquid bond market.
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Of all the asset classes making huge moves in the wake of Donald Trump's victory in the presidential election, there's one whose wild gyrations stand out above all else: 10-year U.S. Treasuries.
The yield on the 10-year retreated swiftly as Trump cemented his grasp on the presidency, as part of a flight to safety in which investors also sought refuge in havens like the Japanese yen and gold.