By Richard Suttmeier
Treasury bonds are plunging as yields rise, and gold bullion is losing its luster. Here's how to trade these moves.
A week ago, when Secretary of State Hillary Clinton was the odds-on-favorite to win the White House, "flight to safety" investments appeared to be regaining their sea legs as stocks were sliding into the close on Nov. 4. As the election swung in favor of Donald Trump on Nov. 9, all markets experienced extreme volatility. U.S. Treasury yields rose, gold lost its luster and utilities lost power. A warning came from junk bonds, which ended Nov. 4 with a negative weekly chart.
The yield on the 30-year U.S. bond rose to 3.035% premarket on Monday, the highest level since the year began.