{"id":90005,"date":"2024-11-26T02:50:04","date_gmt":"2024-11-26T07:50:04","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=90005"},"modified":"2024-11-26T02:40:37","modified_gmt":"2024-11-26T07:40:37","slug":"u-s-stock-and-bond-markets-love-trumps-pick-of-bessent-for-treasury-heres-why","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2024\/u-s-stock-and-bond-markets-love-trumps-pick-of-bessent-for-treasury-heres-why.html","title":{"rendered":"U.S. stock and bond markets love Trump\u2019s pick of Bessent for Treasury \u2014 here\u2019s why"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/2024\/11\/24\/stock-futures-are-flat-sunday-ahead-of-shortened-trading-week-live-updates.html\">Stock market futures rose<\/a>\u00a0and Treasury yields tumbled early Monday following the announcement late Friday that Trump\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/11\/22\/donald-trump-chooses-hedge-fund-executive-scott-bessent-for-treasury-secretary.html\">would pick Scott Bessent<\/a>, a familiar Wall Street figure, to take on his administration\u2019s most important economic role. The move sent a message that Trump wants someone with strong market credentials as well as a similar philosophy for the role. \u201cThis pick should please markets given Bessent\u2019s in-depth understanding of financial markets and the economy \u2013 in particular the bond market.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/11\/25\/markets-cheer-bessents-credentials-to-lead-trumps-treasury-department.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Stock market futures rose\u00a0and Treasury yields tumbled early Monday following the announcement late Friday that Trump\u00a0would pick Scott Bessent, a familiar Wall Street figure, to take on his administration\u2019s most important economic role. The move sent a message that [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90005","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=90005"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90005\/revisions"}],"predecessor-version":[{"id":90006,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90005\/revisions\/90006"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=90005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=90005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=90005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}