Other candidates considered included current Governors Christopher Waller and Michelle Bowman along with Rick Rieder, who runs the fixed income operation at money management giant BlackRock. They were the last of a group of 11 candidates considered for the post.
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U.S. Treasury yields moved higher on Monday as traders began to anticipate slightly faster economic growth in 2026, helped in part by expectations that the Federal Reserve will again lower interest rates at the central bank's final policy meeting of the year next week.
The 10-year Treasury note yield was up around 7 basis points to 4.096%. The 30-year bond yield similarly climbed more than 7 basis points to 4.747%. The 2-year note yield was up about 5 basis points to 3.537%.
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