We will be updating this live reaction piece as comment comes in from investors across Asia. Responses are coming in thick and fast as Donald Trump pulls off a shock victory.
Asia’s iTraxx investment grade index was around 5bp wider on Wednesday afternoon, according to market data, although one banker said his firm was quoting it 10bp wider. The news has pushed Asian bond investors to the sidelines, creating what one banker called “an offer-only” bond market.
6.13pm Christophe Bernard, chief strategist at Vontobel Asset Management
Everything else being equal, the economic consequences of a Trump win will be intention to renegotiate...