Global investors have rendered their verdict on Donald J. Trump as president: Sell government bonds and pile into stocks that will benefit the most from a resurgent United States economy.
From Indonesia to the United States, government bonds are undergoing a sharp sell-off as investors — large sovereign wealth fundsand hedge funds, as well as the accounts of American retirees — restructure investment portfolios to try to capture the fruits of what they expect will be a free-spending Trump presidency.
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