Donald Trump’s stunning victory may mark the end to the more than 30-year-old bull run in bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly 2 years.
Hold on for just a New York minute now and consider the powerfully serious message the bond market sent last week about the political dithering in Washington and in Europe’s capitals. “Pay attention folks,” as the investor Gifford Combs e-mailed me on Friday. “This is not a drill.” Here are the facts: The yield on […]