Harley Bassman on Trump, the Fed, and the Bond Market
Episode publishedPodcast: Odd LotsOdd Lots
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Hello, and welcome to another episode of the Odd Lots podcast. I'm Tracy Alloway. And
I'm Joe Weisenthal. Joe,
the week's not over.
Yeah. We're recording this November 6th at 10:33 AM, but one thing that is over is a lot of people expected that at this point, there would be significant ambiguity about who had won the election. Mhmm. And, actually, that part is over. There's no ambiguity at all. It's been called.
Yep. That's right. So Trump has obviously won the election, and we've seen a pretty big market reaction. Equities obviously up, but, also, bond yields are going up, which means prices are going down. Mhmm. And there's been lots of talk about the return of volatility in the bond market and the way investors or traders were sort of approaching event risk from this election. Yeah. I wrote about it in the newsletter. There are other people who have been writing about it. And, of course, as I said, the week isn't over yet. We still have that Fed meeting on Thursday. No. That's
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