Im November stehen sich Joe Biden und Donald Trump ein zweites Mal als Kandidaten um die US-Präsidentschaft gegenüber. Während Biden den Status quo beibehalten dürfte, würden unter Trump dramatische politische Veränderungen zu erwarten sein. Eine Fortsetzung der Politik der letzten vier Jahre könnte auf den Anleihemärkten zu höheren langfristigen Renditen führen, insbesondere angesichts der Verschlechterung der US-Finanzlage, die keine der beiden Parteien in Angriff nehmen will. Eine Regierung Trump hingegen dürfte wesentlich höhere Zölle einführen, die Abschiebung von Einwanderern ohne Papiere vorantreiben und versuchen, den Inflation Reduction Act (IRA) zu verwässern. Solche Maßnahmen könnten Inflation und Renditen in die Höhe
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Rqvxixejz Yrtugudxkttp et pzg Frfngxnlgn
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Tfhauf Efnxonkgxthk cmm Ydgcmutv, Skmxzt diy ghw Okeuetzvqp
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