Donald Trump has added a political risk premium to US assets: Parking money in America is no longer the routine, fuss-free, neutral option

I think one of the issues with articles like this, especially coming from the FT, is that they ignore that bond yields have risen in most places around the world and that’s due to inflation. Just today, GILTS are up as much as US Bonds and the only reason they haven’t gone up higher is because the market closed before the emergency vote on British Steel. US Bonds are just back to where they were in February.