Specialist Mario Picone, right, works at his post on the floor of the New York Stock Exchange, Wednesday, Nov. 9, 2016. (AP Photo/Richard Drew)
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Donald Trump's stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly 1-1/2 years, on bets that plans under a Trump administration would boost business investments and spending while firing up inflation. The stampede from bonds propelled longer-dated U.S. yields to their highest levels since January with the 30-year yield posting its biggest weekly increase since January 2009, Reuters data showed.The 10-year German Bund yield rose to its highest level in eight months, while the 10-year British gilt yield climbed to its highest level prior to Britain's decision to leave the European Union on June 23 .Goldman Sachs and BAML forecast the 10-year U.S. yield could climb to 2.50 percent, compared with 2.11 percent at Thursday's close. The U.S. bond market was closed Friday for Veterans Day.Since Election Day, the U.S. bond market's gauge on investors' 10-year inflation outlook jumped to its highest level since July 2015 .
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