Possible scenario
Advisory Continuity
45% Chance
The appointment is treated mainly as a market-savvy staffing move inside Scott Bessent's Treasury. Zervos becomes a counselor on market communication, debt management, and investor outreach without materially changing Fed-Treasury relations.
Initial impacts
- 10-year Treasury yield Down
- Market volatility Down
Secondary impacts
- Utilities +0.3%
- Finance +0.2%
Portfolio impact
S&P 500+0.2%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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