For a Treasury market that was already reeling, Trump's victory has put additional pressure on rates.
As Halloween approaches, there are several risks that scare us and may lead to increased market volatility in the months and years ahead.
Rising term premiums could indicate markets are betting on higher government deficits depending on election odds.
The LPL Research Strategic and Tactical Asset Allocation Committee maintains its positive view on preferreds.
We could see a smoother path for munis to finish up the year.
Inflation is trending in the right direction and the Fed could be near or at the end of its rate-hiking campaign.
The rating downgrade itself will likely not have any material, sustained impact on U.S. government debt or markets broadly.
With the Fed seemingly pushing out rate cuts, markets are probably going to be volatile over the next few quarters.
Historically, core bonds, as proxied by the Bloomberg Aggregate Bond Index, have performed well during Fed rate hike pauses.
The markets are pricing in several rate cuts by the end of this year, while the Federal Reserve communicated more rate hikes.