Analyst: Markets are preparing for Trump's victory

Market analyst Gabriel Rubin said that with Trump running neck and neck with Harris in the polls, investors are taking cues from betting markets, where the odds have shifted in Trump's favor. As U.S. Treasury yields climbed to a three-month high this month, the dollar has rebounded more than 3% so far in October, partly because the market is preparing for the possibility of higher U.S. tariffs after Trump's victory, which could push up inflation and force the Federal Reserve to continue raising interest rates. Trade concerns have pushed the euro's expected volatility over the next month to its highest level in 18 months. James Athey, fixed income portfolio manager at Marlborough, expects the dollar to rise further and has reduced his investment in U.S. Treasuries in favor of German government bonds. (Jinshi)