‘72-Hour Rule’: Credit Traders React to Trump’s Policy Deluge

Waiting three days to see whether he U-turns before making trades. Rushing bond sales through before he wakes up and starts posting. Shifting lending to tariff-proof tinned-food producers or cellphone providers.

These are all ways that battle-scarred credit investors and bond arrangers are desperately trying to navigate the constant barrage of policy bombshells from President Donald Trump’s social-media account.

More than a dozen lenders and debt bankers spoken to by Bloomberg, most of whom asked to stay anonymous discussing commercially sensitive information, said they’d been forced into a series of defensive moves after many were burned by initial efforts ...