Story perspectives

Trump Nominates Warsh; Treasury Yields Drop Amid Speculation

2/3/2026

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Summary

Story summary

U.S. Treasury yields fell in early trading.
This followed President Donald Trump nominating former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as Fed Chair.
Analysts noted Warsh's nomination supported Treasurys.
Investors are awaiting the Treasury's quarterly refunding announcement, and Deutsche Bank strategists say it will maintain current coupon sizes while signaling future increases, as concerns including risk sentiment and precious metals declines weigh on Treasuries.

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Story summary

U.S. Treasury yields fell in early trading.
This followed President Donald Trump nominating former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as Fed Chair.
Analysts noted Warsh's nomination supported Treasurys.
Investors are awaiting the Treasury's quarterly refunding announcement, and Deutsche Bank strategists say it will maintain current coupon sizes while signaling future increases, as concerns including risk sentiment and precious metals declines weigh on Treasuries.