Feb 24, 2017
• DTCC Connection
The Endless Pursuit of a Well-Functioning Treasury Market
By Mark Wetjen, DTCC Managing Director, Head of Global Public Policy
Since last November’s elections, the U.S. stock markets have been on a tear. The Dow Jones Industrial Average surpassed 20,000 for the first time in history a few weeks ago, and at the time of this writing, the index has seen gains of around 10 percent since the election. Analysts have opined that these movements are largely in response to anticipated pro-growth policies to be enacted under the Trump administration.
Meanwhile, the U.S. Treasury bond market, which funds the U.S. government and provides other critical functions to the global markets generally, has seen declines in prices and corresponding rises in yields. A variety of factors have contributed to these movements, including some of the same factors that are driving the equity market’s rise.
To continue reading this article that originally appeared in The Hill, please click here.