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.

Treasuries sank and traders solidified their bets that Federal Reserve officials will raise interest rates when they next meet in December after evidence of persistently hot US inflation