U.S. Treasury yields dropped Monday as markets reacted to President-elect Donald Trump's selection of Scott Bessent as Treasury secretary and anticipated key inflation data later this week. Bessent is the founder of Key Square Group and is expected to support Trump's economic goals with gradual tariffs and pro-business policies while prioritizing market stability. His nomination eased investor concerns about inflation and fiscal policy, contributing to lower bond yields and improved market sentiment. This week's Key economic data includes the Federal Reserve's policy meeting minutes, home price data, and the October PCE price index, the Fed's preferred inflation gauge.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. Treasury yields dropped Monday as markets reacted to President-elect Donald Trump's
00:06selection of Scott Besant as Treasury Secretary and anticipated inflation data later this week.
00:13Besant is the founder of KeySquare Group and is expected to support Trump's economic goals
00:17with gradual tariffs and pro-business policies while prioritizing market stability.
00:22His nomination eases investors' concerns about inflation and fiscal policy,
00:27contributing to lower bond yields and improved market sentiment.
00:30This week's key economic data includes the Federal Reserve's policy,
00:34meeting minutes, home price data, and October PCE price index, the Fed's preferred inflation gauge.
00:40For all things money, visit Benzinga.com slash GSTV.