[MARKET UPDATE] Modest USD pressure and USTs gains, somewhat unwinding earlier moves, following confirmation that Warsh is Trump's next Fed Chair pick

Modest USD pressure and USTs gains, somewhat unwinding earlier moves, following confirmation that Warsh is Trump's next Fed Chair pick.

The confirmation of Warsh as Trump's next Fed Chair pick suggests a potential shift towards a more hawkish monetary policy, which could lead to increased USD strength in the long run. However, the current modest pressure on the USD and gains in USTs indicate that markets may be parsing this news for its longer-term implications rather than reacting sharply at the moment. This could reflect uncertainty about the actual policy changes that Warsh might implement upon taking office.