Treasuries Set for Best Week in Two Months After Trump Whiplash
- US election dominated trading, both before and after vote
- Several dealers change Fed forecasts, see fewer cuts next year
Treasuries are poised for their best week since early September after a volatile five days of trading dominated by Donald Trump’s victory in the presidential election.
Long-dated yields Friday further extended their retreat from multimonth highs reached on the election results. Short-dated tenors erased declines as several more Wall Street banks including Goldman Sachs Group Inc. forecast fewer Federal Reserve interest-rate cuts next year than previously.