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December’s
surge in U.S. Treasury yields hasn’t created a very warm welcome for the incoming Trump administration.
The “red sweep” by Republicans in November’s elections was tethered to voters’ dissatisfaction with the U.S. economy. But a more immediate challenge come Inauguration Day on Jan. 20 might be taming Wall Street’s fears about how much President-elect Donald Trump’s “pro-growth” agenda could add to the large U.S. debt load.
