The bond market is acting like Trump will win

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• Long-dated Treasury yields soared after the presidential debate last Thursday.
• The moves indicate the bond market reacting to a higher probability of a Trump presidency, Ed Yardeni said.
• Moves in nominal and real yields indicate forecasts of higher inflation and stronger growth, he noted.

The world's biggest financial market is swaying after Thursday's presidential debate, as the odds of a second Donald Trump presidency jumped among forecasters.