Sarah Hansen: Welcome to Investing Insights. I’m your host Sarah Hansen, and I’m filling in for Ivanna Hampton today.
The November election triggered a steep selloff in longer-term bonds, with yields on the 10-year Treasury note climbing as high as 4.45%. Fixed-income markets have since stabilized, but yields remain significantly higher than their September lows.
We have Morningstar Investment Management’s chief multi-asset strategist Dominic Pappalardo to help us unpack what’s going on and what might be ahead in 2025. Here’s our conversation.
All right. Welcome, Dom. Thanks so much for being here.
Dominic Pappalardo: Thanks, Sarah. Good to be here with you.
Why Did Bond Yields Rise in the Wake of the Election?
Hansen: Great. Can you tell us first, maybe let’s start with the news. Why did bond yields rise so much in the wake of the election last month?
Pappalardo: Sure, Sarah. There are two main issues investors were worried…
