The tax cuts and tariffs floated by Trump has raised worries of a widening fiscal deficit, spurring Treasury yields higher as of late.
Bond yields move inversely to their prices.
A buying opportunity in bonds Sinead Colton Grant, chief investment officer at BNY Wealth, believes that bond investors overreacted.
US10Y YTD mountain U.S. 10-year Treasury "The biggest determinant of your long-term return is the yield," Grant said.
Munis While municipal bond yields don't move as quickly as Treasury yields, they are expected to follow, said BNY Wealth's Grant.
Persons:
Donald Trump, Bond, Mark Haefele, Sinead Colton Grant, overreacted, Trump, Grant, it's, Brian Rehling, Charles Failla, BNY Wealth's Grant, Sudip Mukherjee
Organizations:
White, Federal Reserve, Trump, UBS, Fargo Investment, Sovereign Financial Group, AAA, Moody's
Locations:
Fargo, Stamford, Conn, New York City, muni