1035 GMT - The nomination of Kevin Warsh as the next chair of the U.S. Federal Reserve will likely lead to higher U.S. Treasury yields and a lower dollar, Bank of America's February global fund manager survey shows. Among surveyed investors, a majority of 38% believe Warsh as Fed chair will cause Treasury yields to rise and the currency to fall, while 21% expect it would cause lower Treasury yields and a weaker dollar, the survey says. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

February 17, 2026 05:35 ET (10:35 GMT)

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