-
US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts
Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extended search that included multiple prominent contenders. The $28 trillion market for US Treasuries was already closed for the week when Bessent, who runs macro hedge fund Key Square Group, was officially nominated by President-elect Donald Trump. Until trading resumes early in Asia’s Monday session, investors and strategists are awaiting more details on Bessent’s views on fiscal policy and his next steps. Here’s ... (full story)