Trump hints at nominating a new economic advisor as U.S. Treasury prices fall and rate cut expectations diminish
ChainCatcher News, according to Golden Ten Data, U.S. Treasury prices fell after Trump hinted that he would nominate someone other than National Economic Council Director Hassett to replace Powell, and traders reduced their expectations for two U.S. rate cuts in 2026. The decline in U.S. Treasury bonds pushed the two-year yield up by as much as 5 basis points to 3.61%, reaching the highest level since the Federal Reserve's most recent rate cut in December. Short-term interest rate contracts reflect a decreased probability of the Federal Reserve implementing two 25-basis-point rate cuts this year.
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