USA bond yields fall, dollar declines - Welcoming the nomination of Mr. Besent as the next Minister of Finance.

Updated on November 25, 2024 at 11:37 JST (excerpt).
The yield on 2-year US Treasury bonds temporarily dropped by 3 basis points to reach 4.34%.
Expectations are also for Mr. Bessent to prioritize economic and market stability.
Following the announcement that President-elect Trump will nominate Mr. Scott Bessent, the head of a macro hedge fund operation company, as the next Treasury Secretary, Asian trading on the morning of the 25th saw US bond prices rise and the dollar fall.
The appointment of Mr. Bessent has sparked a mood of 'careful selection' that is welcomed for bringing stability to the US economy and financial markets.
The yield on 2-year US Treasury bonds dropped by 3 basis points, reaching 4.34%. The yield on 10-year government bonds fell by 6 basis points to 4.34%. The Bloomberg Dollar Spot Index decreased by 0.5%.