The unpredictable novice in the White House is making emerging markets seem less dangerous by comparison, say strategists like Goldman Sachs Group Inc.’s Kamakshya Trivedi.

U.S. companies are issuing bonds at the fastest pace ever. And investors say the Federal Reserve’s next rate hike may do little to change that.

One corner of the $13.9 trillion Treasuries market is signaling growing confidence that yields will rise after the Federal Reserve’s policy decision this week, leaving some analysts wary of a crowded trade that may backfire.

Treasuries fell, pushing yields toward the highest level of the year, as investors anticipate a near-certain rate hike from the Federal Reserve on Wednesday. Stocks and the dollar traded in tight ranges ahead of a week packed with crucial central bank meetings, economic data releases and political risk.

The Bank of Japan’s bond-purchase plan for March puts policy makers on track to miss an annual target, leaving investors debating whether they’re witnessing a stealth tapering.

Officials discouraged Canada’s finance minister from selling further ultra-long maturity debt, and potentially locking in near-record low borrowing costs for a generation, just ahead of a surge in yields spurred by the election of U.S. President Donald Trump.