Did the election really affect rates -- and when will it stop?

The two obvious questions: Did Trump’s election do this? And how far does it have to run?
  • The signals and economic effects are all in bonds, which have been rising this week.
  • Trump’s election was a catalyst for a tectonic move already underway.

Consider the wreck in the bond market. Ignore stocks. In this circumstance they have neither predictive nor economic power. The signals and economic effects are all in bonds.