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US 10-Year Yields Drop to 2-Week Low as Bonds Rally on Bessent Pick

By: NewsFeed

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By Stefano Rebaudo and Tom Westbrook (Reuters) – U.S. Treasuries rallied on Monday as investors cheered the selection of Scott Bessent as Treasury Secretary, who is expected to keep a leash on U.S. deficits and deliver a moderate approach on tariffs. Bessent is seen as a voice for markets in incoming …

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