U.S. stock and bond markets love Trump's pick of Bessent for Treasury -- Here's why

By CNBC   |   1 year ago
U.S. stock and bond markets love Trump's pick of Bessent for Treasury  --  Here's why

The US stock market responded positively to President-elect Donald Trump's choice for Treasury secretary, Scott Bessent, expecting strong growth and lower inflation. Bessent's Wall Street experience and market understanding pleased investors, leading to rising futures and falling Treasury yields.

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