Treasury Sec. Scott Bessent has relocated to a US military base after reportedly receiving threats against his life from Iran. The NYT reports that the move followed intelligence indicating Iranian plots against American officials had reached an advanced stage. The exact severity of the threats against Bessent remains unclear. Bessent has led the US sanctions campaign against Iran since August, which is believed to have made him a potential target.

Treasury Secretary Scott Bessent hailed an improvement in US-China engagement ahead of President Donald Trump’s visit to the Asian nation next week, and said he expects further dialogue on AI models.

Treasury Traders Bet on Bond Rally Ahead of US Jobs Report US Treasury traders are positioning for further gains in government bonds ahead of the October employment report, as expectations of additional Federal Reserve interest-rate hikes continue to weaken. A global stock market selloff has boosted demand for safe-haven assets, pushing Treasury yields to their lowest levels since early September, with the 10-year yield at 4.82%. Some options traders are betting that yields could fall further, potentially reaching 4.7% or even 4.35% in the coming weeks. Investors expect October nonfarm payrolls to increase by 65,000, compared with September’s 29,000 gain. However, even stronger-than-expected employment data may not derail the bond rally, as many investors are prepared to buy Treasuries if prices decline. Meanwhile, falling oil prices have eased inflation expectations, reducing pressure on the Fed to raise rates. Markets are now closely watching upcoming employment and inflation data ahead of the Fed’s December policy meeting.