Scott Bessent's Treasury Appointment Sparks Market Optimism
TL;DR Summary
Scott Bessent's likely appointment as Treasury Secretary is expected to boost financial deregulation and lending, benefiting private equity and business development companies (BDCs). This environment is favorable for BDCs like the VanEck BDC Income ETF (BIZD), which offers an 11% yield. Bessent's policies may lead to increased M&A activity and sticky inflation, challenging bond investors but creating opportunities for BDCs to thrive.
- Scott Bessent Appointment Makes This 11% Yield A ‘Screaming Buy’ Forbes
- What to know about Scott Bessent, Trump’s pick for treasury secretary The Associated Press
- Mortgage rates edge lower after Trump picks Bessent to lead Treasury Yahoo Finance
- He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury. The New York Times
- Trump’s economic team is surprisingly conventional. Will it limit tariffs? The Washington Post
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