The 11%-Yielder To Buy On President Trump's Victory [Forbes]
Pimco Corporate & Income Opportunity Fund (PTY)
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Source: Forbes
Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019. - President Donald Trump on Friday hailed a breakthrough in his drawn-out trade war with China, saying the two sides reached an initial deal covering intellectual property, financial services and currencies. (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images Immediately after President-Elect Donald Trump won his second term last week, the US dollar surged, while US Treasuries fell. Both moves are opposite sides of the same coin: Investors believe Trump's policies will be inflationary. The theory suggests this would happen for a couple of reasons: The US government will spend more, and interest rates will rise higher than rates elsewhere in the world in response. That will attract foreign capital to America while making it less attractive for capital to leave the US. All of that extra capital in America will boost economic activi
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PTY
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