On July 2, Guo Guanghui reported that OCBC Bank stated that Trump's election would exacerbate inflation, pose a challenge to the Federal Reserve, and have a negative impact on the lending market. Vasu Menon, the bank's investment strategy director, said, "We have become more cautious in terms of credit positions." He added that he believed Trump's policies would push up long-term bond yields. The yield spread of investment-grade bonds in developed markets has narrowed, reducing their valuation attractiveness. OCBC Bank has downgraded its rating of crediting from shareholding to neutral.
华侨银行：特朗普总统当选将推高长期债券收益率
OCBC Bank: President Trump's election will push up long-term bond yields.
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