Fynsa
The combination of lower demand for long duration and higher supply (to cover massive budget deficits) is affecting valuations at the long end of yield curves.
Spending is rigid, revenues are not growing and reforms are stagnating. Thus, the country is moving away from the fiscal balance that distinguished it in the past.
The German country's fiscal reform marks a radical change, with increased spending on defense and infrastructure, which could redefine its global economic position.
This scenario raises concerns about long-term fiscal sustainability, with a direct impact on political decisions and the financing of public services.
The most pressing task facing advisors in the wake of the U.S. election is to determine how much of Donald Trump's agenda - broadly outlined during the campaign - will be realized and how it will impact 2025.
The economy and an intensification of grassroots support would be some of the factors behind the historic win of now President-elect Donald Trump.
