November 14th is in the books on Wall
Street and it has been a day
characterized by investors continuing to
reposition after Donald Trump's victory
in the u.s. presidential election US
Treasuries along with other global
benchmark sovereign debt continue to
sell off on monday as the prospect of
tax cuts and infrastructure spending are
increasing expectations for us growth
and inflation pushing rates higher the
probability of a rate increase by the
Federal Reserve when it meets in
December is now at ninety two percent
with analysts beginning to question
whether rapidly rising inflation
expectations and a steepening yield
curve may push the Fed to raise rates
more quickly through 2017 in equity
markets the sp500 edge slightly lower
curtailing its strong rally from last
week which ranked as its best in two
years the US dollar continued to climb
also spurred by rising growth
expectations a strong dollar in town is
weighing on oil markets and brent crude
slipped below forty four dollars before
stabilizing in the afternoon doubts over
opec's ability to agree supply curbs
continues to drive prices lower and
that's a New York minute