Asian shares, bond futures bounce on Bessent pick for US Treasury
Mon, Nov 25, 2024 8:56 AM

Asian shares, bond futures bounce on Bessent pick for US Treasury

A Flip by Avya Verma
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📌Bonds rallied, US stock futures rose, and the dollar eased after Scott Bessent's appointment as US Treasury secretary, with investors viewing him as a "safe hands" candidate who would support markets. 📌The 10-year Treasury futures rose 13 ticks, S&P 500 futures gained 0.4%, and the dollar weakened against major currencies. 📌Australia's share market touched a record high.

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