Bond Market Is Flashing Warning Signal on Trump Reflation Trade
Rising bond market seen indicating that valuations of riskier assets may be stretched
.. “The bond market is showing a more realistic view on the fiscal policy outlook than the stock market,’’ said James Sarni, senior managing partner at asset management firm Payden & Rygel. “The bond market has it right.”
.. On Friday, the yield on the two-year German government bond hit a record low of negative 0.959%.. The yield on the 10-year German bund was 0.188% Friday and the 10-year government bond yield in Japan was 0.06%.