The growing likelihood of a Trump presidential victory is influencing financial markets, particularly US Treasuries. According to Morgan Stanley, curve steepeners are becoming an attractive bet as growth is expected to slow and inflation to quicken under a potential Trump administration. US Treasuries fell on Monday, pushing yields to the highest levels in more than a week, driven by traders reacting to the increased odds of a second term for Donald Trump. This development has led Morgan Stanley to flag the risk associated with a Trump presidency and a worsening economy, which is seen as a factor in the rising long-end yields.