Ford O’Neil, who oversees about $100 billion in bonds for Fidelity Investments, says the sharp run-up in yields since the election of Donald Trump may not be justified.
Judging from the initial market reaction to the presidential election, the robustness of this rather consistent gap between official and market projections of interest rates, could well be tested in the months ahead.
The dollar's rally since Trump's surprise election is causing turmoil in emerging markets
Turmoil across financial markets eased after the immediate shock of Donald Trump's victory.
Mohamed El-Erian isn't the only one increasing his positions in cash.
