NEW YORK (TheStreet) --The bond market sell-off since Donald Trump was elected President two weeks ago has caught Wall Street by storm. On Monday $26 billion of two-year Treasury notes were sold at around 1.085%, the highest since December 2009.
NationShares president and CIO Scott Nations and KKM Financial CEO Jeff Kilburg discussed whether the sell-off in the bond market appears to be tapering off.
"It does and I actually think that what we have seen over the last few weeks is good news," Nations said.
He said the "good news" is that the U.S. economy is finally getting back to normal.
"GDP is growing at 2.9%, after growing at 1.4%, and we are starting to see inflation. We are back to normal; we are no longer just recovering from what happened in 2008," he explained.
Kilburg, however, doesn't believe this process to be over.
"This is a move that foreign central bankers are liquidating. So, I don't think this process is over, this is a pause, but more selling is coming," Kilburg said.