Your tip
RadarOnlineRadarOnline
or
Sign in with lockrMail
BREAKING NEWS

Trump Election Victory Predictions Spark Trading Panic: Bonds Sold Off Around Globe as Markets Bet The Don Is Set For White House Win

Photo of Donald Trump
Source: MEGA

A possible Trump victory this November has the financial market making dramatic moves.

Oct. 22 2024, Published 6:08 p.m. ET

Link to FacebookShare to XShare to FlipboardShare to Email
Getting your Trinity Audio player ready...

The possibility of Donald Trump winning the Presidential election has led to chaos in the financial market.

RadarOnline.com can reveal investors are selling off their bonds all over the world as the race for the White House between Trump and Kamala Harris tightens with just weeks to go until election day.

Article continues below advertisement
demented psychopath donald trump blasted rant women poorer depressed
Source: MEGA

A potential Trump victory has shaken up the financial market.

Article continues below advertisement

Robert Dishner, a senior portfolio manager at Neuberger Berman in London, explained: “With less than two weeks now until the US elections, concerns about the fiscal outlook and its potential upward pressure on inflation have become more acute."

The potential for a Trump victory has helped push bond yields higher, however, it has led to lower prices as traders have adjusted their outlooks following the Fed's big 50 basis point move last month.

The 10-year US Treasury yield jumped to 4.22% on Tuesday, its highest since July. The rate on 10-year German securities also hit the highest level since early September.

The dramatic changes also hit Asia, where the yield on Australian benchmark debt moved up to as much as 16 basis points.

Article continues below advertisement
kamala harris recruits herpes infected diddy pal usher to boost campaign
Source: MEGA

The race between Trump and Harris is close as election day nears.

Article continues below advertisement

Meanwhile, JPMorgan strategists Jay Barry and Srini Ramaswamy touched on the impact of a Democratic or Republican sweep, and said it will result in fiscal expansion relative to the baseline of divided government” and “fiscal concerns… would likely come back to the forefront."

According to the strategists, there will be a steeper bond market reaction under a GOP sweep, because Trump’s economic plans would push up America's national debt by $7.5trillion. In comparison, Harris' proposals would push it to $3.5trillion.

Article continues below advertisement

Trump is making bigger strides according to Election Betting Odds, which shows the controversial candidate with a 57% chance of stepping back into the White House, an increase from the 48% at the end of September.

However, it's not all doom and gloom for Harris yet as she holds a 46% to 43% lead over Trump in a recent Reuters/Ipsos poll.

Polls have also revealed that both candidates are running neck and neck in seven battleground states.

MORE ON:
Donald Trump

DAILY. BREAKING. CELEBRITY NEWS. ALL FREE.

Article continues below advertisement
donald melania trumps relationship timeline
Source: MEGA

Trump only trails Harris by three percentage points in the latest polls.

Article continues below advertisement

While the polls have Trump in a good position, it's not all good news as a new lawsuit has been added on to the 78-year-old's mountain of legal issues.

RadarOnline.com revealed Antron McCray, Kevin Richardson, Yusef Salaam, Raymond Santana, and Korey Wise, also known as the "Central Park Five" have sued Trump for defamation over statements he made about the 1989 case during the presidential debate with Harris.

The five men alleged in their lawsuit the former reality star acted with "reckless disregard" for the truth when he claimed they pleaded guilty to crime connected to the assault and rape of Central Park jogger and "badly hurt a person, killed a person" as teenagers.

Article continues below advertisement

The group's attorneys shared: "Defendant Trump's statements were false and defamatory in numerous respects. Plaintiffs never pled guilty to the Central Park assaults. Plaintiffs all pled not guilty and maintained their innocence throughout their trial and incarceration, as well as after they were released from prison."

They added: "None of the victims of the Central Park assaults were killed."

The men, now known as the Exonerated 5, are seeking compensatory and punitive damages.

Article continues below advertisement
debate feature
Source: MEGA

The betting market is predicting a Trump victory.

Article continues below advertisement

Trump campaign spokesperson Steven Cheung slammed the filing as "just another frivolous, Election Interference lawsuit" which he claimed was devised to "distract the American people from Kamala Harris’s dangerously liberal agenda and failing campaign", according to CNN.

Have a tip? Send it to us! Email RadarOnline.com at tips@radaronline.com.

More From Radar Online

    Opt-out of personalized ads

    © Copyright 2024 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.