Donald Trump’s victory drew inevitable comparisons to Britain’s vote to exit the European Union in June, but so far the election results have failed to produce the kind of volatility seen in June – much less the extreme moves in financial markets experienced in January, amid concerns about China’s economy and falling oil prices.

In the commercial mortgage bond market, there was some early spread widening, but that was gradually reversed, and the market finished more or less flat, according to Manus Clancy, a senior managing director at Trepp.

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