Dollar Eases as Treasuries Rally on Bessent Treasury Nomination
The Treasuries' rally in response to President-elect Trump's Bessent announcement late on Friday pushed yields on 10-year Treasuries down about 14 basis points, the most since early August. Two-year yields also tumbled, reducing the dollar's interest rate advantage.
Scott Bessent, Donald Trump's US Treasury Pick, Fuels Global Relief Rally Vs Dollar
The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the dollar, as traders trim bets that the return of Donald Trump will send tremors throughout global markets.
Treasury pick Scott Bessent scored billion-dollar wins with these bets on Wall Street
While little has been reported about his wealth, a look at Bessent's winning bets while working in finance offer some insight into how me made his fortune.
Who Is Scott Bessent? Wall Street Is Delighted by Trump’s Treasury Pick
When Donald Trump announced Friday that hedge fund manager Scott Bessent was his pick for Treasury secretary, there was a massive sigh of relief from the markets, with the yield on the 10-year Treasury falling sharply (a sign that investors think Bessent will help keep inflation cool) and the stock market getting a little bump.
Here’s what Trump’s pick of Scott Bessent for Treasury secretary means for taxes, interest rates and more
Who Is Trump's Treasury Pick Scott Bessent And Why Does Wall Street Like Him?
President-elect Donald Trump has referred to his Treasury pick, billionaire hedge fund manager Scott Bessent, as "one of the most brilliant men on Wall Street."
Billionaire Scott Bessent could face several hurdles as the nominated U.S. Treasury Secretary
On Friday, President-elect Donald Trump nominated billionaire investor and Key Square Capital Management founder CEO and founder Scott Bessent as the U.S. Treasury Secretary. The role would involve Bessent overlooking all financial monetary policies regulations,
Dollar, US Yields Fall on Bets Bessent Will Dilute Trump Plans
The dollar fell and US government bonds rallied after Donald Trump picked Scott Bessent to run the Treasury, a Wall Street ...
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Scott Bessent May Rue the Day He Became U.S. Treasury Secretary
Trump's nominee to run the Treasury faces a tall order—dealing with mounting debt, implementing an aggressive tariff regime, ...
The Bessent Bounce — Markets Cheer Trump’s Treasury Pick
Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the president-elect’s economic ...
Dollar follows US yields lower after Bessent Treasury nomination
The dollar recoiled from two-year highs on Monday, tracking a sharp decline in U.S. Treasury yields amid trust that Donald ...
What Bessent’s Pro-Growth Agenda Means for Treasury Yields, Gold, Stocks, and the Dollar
Scott Bessent’s Treasury nomination boosts market optimism with stable yields, a stronger dollar, and a tempered outlook for ...
Dollar’s Dip After Bessent Appointment is Likely Temporary
The dollar weakened after Donald Trump nominated hedge-fund manager Scott Bessent as Treasury Secretary, but MUFG said the currency should soon resume its recent strengthening.
Dow hits all-time closing high as Trump’s Treasury pick Scott Bessent promises to slash taxes, spending
The longtime hedge fund manager said he is focused on making Trump’s 2017 tax cuts permanent, as well as eliminating taxes on ...
World stocks, bonds bounce on Bessent pick as US Treasury Secretary
World markets cheered the selection of fund manager Scott Bessent as U.S. Treasury Secretary on Monday on hopes he might ...
US Dollar slips with bond yields on Treasury nomination
Bessent has been openly in favor of a strong dollar and has supported tariffs, suggesting any pullback in the currency might ...
EUR/USD gains as US Dollar declines, US PCE inflation in focus
ECB’s Centeno warned about the risk of price pressures remaining below the bank’s target.