Morgan Stanley Warns Of "Boom And Bust In Credit"
The prospect of a Trump presidency has already made a profound impact on markets. It has, for example, caused a sharp shift from bonds to U.S. equities, sparked a sell-off in emerging markets, set the dollar on a higher trajectory and, by many accounts, paved the way for Trump to “make America great again", but warns of risk in the credit markets.
How a 3% rise would cause bond losses of near $25 trillion
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