Investors see Treasury pick Bessent as calming US bond market worries

Contributing sentiments towards policy:

64% : As a result, the investment world, from global bond traders to U.S. corporate treasurers, is keenly interested in his pick's economic views and the kind of counsel they will give Trump behind closed doors.
59% : Trump on Friday said he had chosen Bessent, a prominent investor, as Treasury secretary, a key cabinet position with vast influence over economic, regulatory and international affairs.
58% : "There was some level of anxiety priced in that Trump was going to pick someone who was not good or some kind of absolute tariff fanatic, so this is a very good answer for Wall Street.
42% : Trump in August said the president should have a "say" in Fed decisions, and according to media reports, his allies have drafted proposals to erode the Fed's independence.
32% : Trump has floated the idea of slapping a 60% tariff on Chinese goods and at least a 10% levy on all other imports.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.