The United States is just one day away from its presidential election. In our latest episode of Bank of Singapore Unplugged, our specialists take a deep dive into the macroeconomic implications of the various candidates.
If there is a Red Sweep and Donald Trump becomes president, we can expect a higher level of tariffs. Consequently, markets are beginning to factor in the inflationary effects of these tariffs, which is reflected in the trends of 10-year US Treasury Yields and the strength of the US dollar.
If there is a Blue Sweep and a Democratic victory, we may see potential changes in fiscal policy, such as an increase in the corporate tax rate.
Given these scenarios, what near-term factors should investors consider regarding credit spreads in fixed income?
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