U.S. stocks jump along with bond yields after Trump shock, peso falls

By Sinead Carew New York (Reuters) - Wall Street stocks rose sharply on Wednesday, bouncing from a dramatic overnight sell-off, while the Mexican peso was battered as investors reacted to Donald Trump's surprise win in the U.S. presidential election. After sharp declines in U.S. stock futures overnight, equity investor panic eased but bond investors pushed up Treasury yields as they worried Trump's policies would ultimately weaken the dollar and hike inflation. U.S. long-dated Treasury yields rose to 10-month highs on Wednesday, bolstered by expectations that Trump will enforce protectionist trade policies that will weaken the dollar and boost inflation.

Traders watch, as Hillary Clinton addresses her staff and supporters about the results of the U.S. election, on the floor of the New York Stock Exchange (NYSE) the morning after the U.S. presidential election in New YorkBy Sinead Carew New York (Reuters) – Wall Street stocks rose sharply on Wednesday, bouncing from a dramatic overnight sell-off, while the Mexican peso was battered as investors reacted to Donald Trump’s surprise win in the U.S. presidential election. After sharp declines in U.S. stock futures overnight, equity investor panic eased but bond investors pushed up Treasury yields as they worried Trump’s policies would ultimately weaken the dollar and hike inflation. U.S. long-dated Treasury yields rose to 10-month highs on Wednesday, bolstered by expectations that Trump will enforce protectionist trade policies that will weaken the dollar and boost inflation.


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U.S. stocks jump along with bond yields after Trump shock, peso falls