While this is the afternoon after (not the morning after) … Trump won the US Presidential election, the pre-election fears of huge stock market losses proved false.
In fact, at 2pm EST, the Dow Jones Industrial Average is up over 200 points. As is most of Europe.
10 year sovereign yields from Canada to Mexico and points south have risen 10 basis points of more (with Mexico rising 40 basis points).
And the US Treasury 10Y-2Y Yield Curve slope is up 15 basis points to 116 basis points.
Much like Brexit, the fears of a financial collapse were greatly exaggerated.
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