Trump taps Bessent for Treasury

Dollar dips with Treasury yields after Bessent pick
The dollar surrendered a little of its recent gains on Monday as investors assumed the pick for U.S. Treasury secretary would reassure the bond market and pulled yields lower, shaving some of the dollar's rate advantage.
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 agenda.
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 tips, social security benefits and overtime pay.
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.
Trump’s Treasury pick boosts stock market
Now is one of the stronger times of the year for stocks. pic.twitter.com/Hh4kA7xx6V — Ryan Detrick, CMT (@RyanDetrick) November 26, 2024 The stock market rallied on Monday as investors reacted positively to President-elect Donald Trump’s nomination of Scott Bessent for Treasury Secretary.
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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, ...
Trump’s Treasury pick and former Soros money manager Scott Bessent’s hedge fund reaped windfall during 2022 downturn
President-elect Donald Trump’s pick for Treasury Secretary operates a hedge fund that reaped a massive windfall two years ago ...
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 ...
Stocks bounce, dollar slides with bond yields on Bessent pick
By Tom Westbrook SINGAPORE (Reuters) -Asian stocks rallied with U.S. equity futures on Monday, while the dollar retreated ...
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.
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Will the dollar break at 107.00 amid Bessent’s nomination for US treasury secretary?
As the holiday week begins in the United States, the US dollar remained steady within a narrow range near 106.65 on Monday, reflecting a sense of anticipation and caution ...
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Trump nominates hedge fund manager Scott Bessent for treasury secretary
President-elect Donald Trump says he plans to nominate hedge fund manager Scott Bessent to serve as secretary of the treasury ...
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Bonds bounce, dollar dips on Bessent pick
Bond markets cheered the selection of fund manager Scott Bessent as U.S. Treasury secretary on Monday on expectations he ...