Reported 3 days ago
Recent political events, particularly President-elect Donald Trump's election and his nomination of Scott Bessent as Treasury Secretary, have sent ripples through the $28 trillion U.S. Treasury market. Treasury yields surged following Trump's win but began to stabilize after Bessent's nomination, reflecting investors' confidence in his leadership. The article explores the interplay between inflation, job data, and investors' expectations, highlighting how political decisions can affect borrowing costs and economic outlook.
Source: YAHOO