Scott Bessent Named Treasury Secretary
This is a Hong Kong news story, published by Yahoo Finance, that relates primarily to Scott Bessent news.
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Wall Street money manager Scott BessentReuters
•Morning bid: Treasuries rally on Bessent pick, dollar retreats
79% Informative
U.S. Treasury yields slip back on Monday after Scott Bessent gets the nod to be the next Treasury Secretary.
The drop in yields, along with hopes for a more tempered approach to tariff hikes from the administration at large, saw the dollar retreat.
European and Japanese stocks advanced while Chinese mainland and Hong Kong benchmarks fell again on Monday .
Pressure on the European Central Bank to keep easing monetary policy is building.
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