Dollar, US Yields Fall on Bets Bessent Will Dilute Trump Plans

Published on November 25, 2024

The dollar fell and US government bonds rallied after Donald Trump picked Scott Bessent to run the Treasury, a Wall Street veteran who investors expect will take the sting out of the administration’s more aggressive trade and economic policy proposals.

Continue reading on website
Other news

Gold Tumbles as Traders Mull Treasury Pick and Fed Outlook

November 25, 2024
Gold tumbled as traders digested Donald Trump’s pick of Scott Bessent as Treasury Secretary and looked toward the Federal Reserve’s next interest-rate decision.

Bond Market Halts Brutal Run as Buyers Pounce on 4.5% Yields

November 25, 2024
The US bond market is finally showing signs of steadying after a two-month selloff, with investors starting to swoop in whenever yields test new peaks.