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Deutsche Bank: 'Trump Trade' Lifts US and German Bonds with support
Christopher Riegel, from the research department of the German commercial bank, stated in a report that as the 'Trump trade' seems to be lifted on the eve of the election, US and German bonds seem to have gained better support. The analyst stated, 'As the yield is still close to the upper limit of its range, and in relation to the betting average, we believe that the tactical value of going long on German bonds is higher when the 10-year German yield approaches 2.4%.' The outcome of the US election still remains uncertain. However, Riegel mentioned that confidence in the victory of Republican candidate Donald Trump has somewhat diminished over the weekend.