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Biggest question is to what extent Trump's policies will be implemented: SEI.
Trump's spending plans seen driving Fed tightening amid expectations of an uptick in inflation.
Futures contracts put chances of increase next month at 78 percent.
Former co-CEO of Pimco sees "enormous risk" in financial markets due to distortions caused by central bank policies.
Forecast comes as U.S. prices are falling.
Despite predictions early this year of a selloff in U.S. Treasuries, investors have been snapping up 10-year and longer government bonds.