U.S. stocks, bond yields jump after Trump shock, Mexican peso falls

By Sinead Carew
NEW YORK (Reuters) – Wall Street stocks rallied on Wednesday after a dramatic overnight sell-off, while bond yields jumped on inflation expectations and the Mexican peso was battered as investors reacted to Donald Trump’s surprise win in the U.S. presidential election.
While equity investors’ election night panic turned to daytime jubilation, bond investors worried Trump’s protectionist policies would ultimately weaken the dollar and hike inflation.
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