Last year, markets showed extreme sensitivity to economic surprises, and evidently, this trend will continue into the new year. Despite the decrease in the inflation rate and a reduction in the risks associated with economic growth, analysts note a rise in the sensitivity of 10-year American obligations to these inflation and economic activity data from the past year, which was the highest in over 20 years.
The American bond market, especially 10-year Treasury securities, is one of the key indicators of this trend. With Donald Trump's second term in office continuing until 2025, American financial markets are facing increasing uncertainty.
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Analysts note: "The sensitivity of U.S. bonds to these inflation and economic activity data indicates that investors are becoming increasingly reactive to any changes in the economy. This could lead to greater instability in financial markets and complicate the forecasting of certain processes."
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Experts also point out that expectations regarding the policies of the new administration and foreign policy decisions could have a significant impact on the future development of the situation in the markets.
