Reported about 13 hours ago
Investors are optimistic about President-elect Trump's selection of Scott Bessent as Treasury secretary, believing it could alleviate some of the negative sentiment in the U.S. bond market. Bessent, a known fiscal conservative, is expected to advocate for responsible economic policies, potentially countering fears of rising inflation and budget deficits associated with Trump's economic plans. This nomination aims to restore stability and discipline in the bond market, with traders keenly interested in Bessent's approach to fiscal matters and his influence over Trump's economic decisions.
Source: YAHOO