Bonds gain in January as Trump’s return drives topsy-turvy month

FOR all the trepidation coursing through the bond market at the start of 2025, Treasuries are up on the month as traders remain on watch for how Donald Trump’s tariff and immigration policies will develop.After a rollercoaster stretch, the Bloomberg US Treasury index is up about 0.6 per cent this month through Thursday (Jan 30) and benchmark yields are hovering near their lows for this year. A positive January return for the world’s biggest debt market seemed unlikely just weeks ago. Bonds..