Overview
- The U.S. Treasury said it will at least double its long‑term buyback program to $4 billion per operation for 10‑ to 30‑year issues, with the program running Sept. 9 to Nov. 4.
- That announcement helped push the 30‑year Treasury yield down from about 5.33% to roughly 5.18%, which helped U.S. indexes end a multi‑day losing streak on Wednesday.
- Federal Reserve minutes published this week showed many officials view a further policy rate increase as likely if inflation remains elevated, keeping policy risk for markets alive.
- Moderna shares jumped about 177% after the company and Merck reported positive late‑stage trial results for a melanoma vaccine, producing an outsized single‑stock and sector impact.
- Mexico's BMV snapped a four‑day slide and the peso strengthened to about 16.94 per dollar while oil prices rose on renewed Middle East tensions, a mix that could feed back into inflation and policy decisions.