Is the Bond Rout a Rational Response to Trump?

Bloomberg Video

November 15 -- Treasuries rose as investors questioned how much extra spending President-elect Donald Trump will be able to implement, halting a selloff that put global bonds on track for their worst month in 13 years. U.S. 30-year yields surged past 3 percent Monday, fueling speculation the level is high enough to compensate investors for a pickup in inflation expectations and forecasts for the Federal Reserve to raise interest rates next month. A technical indicator showed 10-year Treasuries were the most oversold since 1990. PIMCO Europe Managing Director and Portfolio Manager Mike Amey discusses with Francine Lacqua on "Bloomberg Surveillance."