The selection process for António Guterres’ successor as UN Secretary-General is advancing through Security Council straw polls and candidate dialogues, with his second five-year term set to conclude on December 31, 2026. Multiple candidates from Latin America and elsewhere are under consideration, though no consensus has emerged and permanent members remain divided. Guterres has publicly focused on advancing UN reform initiatives in his remaining months, with no verified reports of early resignation pressure, health issues, or removal efforts. The United States has signaled opposition to any extension beyond the term’s end, reinforcing the scheduled transition timeline. Traders appear to view an early departure as unlikely given the absence of recent catalysts that would alter this trajectory before year-end.