Bond Bear Market On Hold, As DC Dysfunction And French Election Looms: DB

The previously predicted bond bear market predicated on higher interest rates is “on hold,” a Deutsche Bank US economics report says. The analysis is now on hold is driven, in part, by unpredictability in Washington DC as well as sagging economic trend indicators and a French election that now has the prospect of populist Le Pen winning it all now within the margin of polling error. A win in Washington DC looks increasingly fleeting Looking at the potential for progress on structural tax reform in Washington DC, Deutsche Bank Research Analyst Dominic Konstam and his US-based team of Aleksander Kocic,…