US bond market isn't fully satisfied with Trump's selection of Warsh as Fed chair
Bond Market Reacts to Trump's Fed Chair Nominee
Investors in the massive $30 trillion U.S. Treasury market are evaluating President Donald Trump’s pick for the next Federal Reserve chair and realizing that their expectations may not be fully met. On Friday, trading activity reflected some unease regarding Trump’s consideration of former Fed governor Kevin Warsh as a replacement for Jerome Powell, whose term concludes in May. The yield on longer-term Treasurys inched upward, while short-term yields slipped, resulting in a steeper yield curve. This shift highlights market apprehension about the potential direction of Fed policy under new leadership.
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