TLT, Bond ETFs Join Stocks to Cheer Trump Treasury Pick
By midday trading, the Dow Jones Industrial Average had notched an all-time high and the iShares 20+ Year Treasury Bond ETF (TLT) was up 2%, as bond yields and prices have an inverse relationship. Stock and bond investors are optimistic about Bessent's nomination for the key cabinet role due to his reputation as a seasoned investor with a deep understanding of macroeconomic strategies.