Donald Trump

A bearish tone is taking hold in the market for interest rate options, suggesting that bond traders are bracing for Treasury yields to surge anew in the coming weeks.

South Korea plans to bolster its fiscal support for domestic chipmakers next year, shoring up an industry that may face unfavourable policies from the incoming Trump administration.

Trump’s gambit risks setting in motion a standoff between the world’s two biggest economies following an election campaign that already brought fears over a new wave of protectionism to the forefront.

The carmaker, saddled with cratering profit and an outdated lineup, had already announced earlier this month that it was going to eliminate 9,000 jobs and slash production by 20%.

“People have been looking for an excuse to take some profits... We’re still very confident the current bullish market sentiment will continue into 2025.”

Trump citied the levies as necessary to clamp down on migrants and illegal drugs flowing across US borders.

US President-elect Donald Trump’s pick of Scott Bessent as Treasury secretary may give Beijing room to negotiate with the US over their trade tensions, in part due to his moderate stance on tariffs.

US fixed income markets currently look “very attractive”, and elevated yields and the likelihood of steeper yield curves could increase demand, say Schroders’ US fixed income experts.

The rise in shorts comes amid several factors including the amount of distressed debt falling to the lowest this year and US economic growth continuing to confound sceptics.

Tesla's share price is up 45% since Nov 4, the day before the election, adding about US$350 billion in market value.