With the election in the rear-view mirror and President-elect Donald Trump headed back to the White House, it could be a good time for income investors to revisit their portfolios. While any policies that could affect investments will take time to enact, the bond market has already responded to the coming change in leadership. The yield on the 10-year Treasury topped 4.4% on Wednesday, hitting its highest level since July during the session. On Thursday, yields were lower, with the 10-year Treasury at about 4.34%, down from nearly 4.43% as the Federal Reserve announced another quarter point rate cut. The tax cuts and tariffs floated by Trump has raised worries of a widening fiscal deficit, spurring Treasury yields higher as of late. Bond yields move inversely to their prices.
