10-year MGS bond yields have spiked reaching almost 4.45% from 3.61% in early November. Local & emerging market bonds have been under strong selling pressure recently following Trump's surprise victory and expectations of reflationary polices. All eyes will also be on the Fed next week on 13 December, as it holds its first meeting after Trump’s win to decide on the direction of interest rates. A rate-hike has largely been priced-in by the market and not doing so could spook markets.