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MORNING quote EUROPE-Bonds rally, dollar dips on Treasury option
A take a look at the day ahead in European and worldwide markets from Wayne Cole Asia has been controlled by the market reaction to the choice of fund manager Scott Bessent as incoming U.S. Treasury Secretary, with the primary feeling one of relief that he's a. mainstream prospect instead of an unidentified. The truth that Bessent talks like a fiscal hawk sufficed to. push 10-year Treasury yields down by 6 basis points, though. whether he will be able to trim deficits while rolling over. due-to-expire tax cuts remains to be seen. In various media appearances he has talked of...