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Treasuries Gain as Trump Transition Talk Fuels Recession Angst

Treasuries rallied as President Donald Trump’s comments on “a period of transition” for the US economy added to concern that a slowdown could be just around the corner.



Treasuries rose as President Trump's remarks about a "period of transition" for the US economy heightened recession fears. Analysts suggest markets are underestimating the risk of slow growth requiring a Federal Reserve response. Citigroup recommended shorting Treasuries versus German bunds, while Morgan Stanley believes Trump's policies could lead to lower bond yields.

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