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Dollar slips with bond yields on Treasury nomination - REUTERS

NOVEMBER 25, 2024

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  • Treasuries rally as investors see Bessent as fiscal hawk
  • Dollar eases from two-year high, due some consolidation
  • Market sees more policy easing from ECB, less from Fed

SYDNEY, Nov 25 (Reuters) - The dollar relinquished a little of its recent gains on Monday as the pick for U.S. Treasury secretary seemed to reassure the bond market and pulled yields lower, shaving some of the currency's rate advantage.
Yields on 10-year Treasuries slipped to 4.351%, from 4.412% late Friday, as President-elect Donald Trump's choice of fund manager Scott Bessent was welcomed by the bond market as an old Wall Street hand and a fiscal conservative.
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