USA stock market, finance, and bond market continued to rise, supported by the decline in bond yields following the appointment of the US Treasury Secretary.

November 26, 2024 6:36 AM GMT+9

The US stock market saw the three key indexes continue to rise at the end of trading. The decrease in US bond yields following the nomination of Scott Bessent, a prominent investor, as Treasury Secretary by President-elect Trump was well received.
The Russell 2000 index, composed of australian small/mid cap stocks, hit an all-time high.
On the other hand, news of an imminent ceasefire agreement for Hezbollah, an armed group in Lebanon supported by Israel and Iran, led to a drop in the energy sector index due to a decrease in oil prices.

November 26, 2024, 6:12 AM (excerpt)

In the US financial and bond markets, yields decreased. The nomination by the future US President Trump of prominent investor Scott Bessent as Treasury Secretary led to speculation that the US fiscal trajectory would be more gradual than previously feared.
The indicator 10-year bond yield stands at 4.269%. At one point, it hit its lowest level since the 6th.
The 2-year bond yield is 4.274%. The 30-year bond yield hit a low of 4.451%, the lowest since the 7th.
The yield spread between 2-year and 10-year bonds slightly inverted as short-term zone yields exceeded long-term zone yields by about 0.5 basis points (bp).
Capital Economics pointed out in a note that this turnaround, more than a month in the making, was partly due to the easing of fiscal concerns behind the nomination of Mr. Besant. However, it also indicated that the yield curve is expected to steepen in the future due to the downward pressure on short-term interest rates from the rate cut and the rise in long-term zone interest rates due to fiscal uncertainties.