
Secretary Bessent’s activist approach to markets gets mixed reviews on Wall Street.
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Secretary Bessent’s activist approach to markets gets mixed reviews on Wall Street.

The U.S. Treasury announced it will be buying back $6 billion in long-term debt, but it failed to wow investors who were expecting the number to come in as high as $10 billion. The S&P 500 slid 0.6%, while the Nasdaq Composite fell 0.8%. The rise in Treasury yields continued, with the 10-year yield passing 4.85%, its highest intraday level since 2023.
Stocks were under pressure as oil prices continued their journey upward and traders shifted their expectations of a Fed rate hike in September.

The Treasury is issuing $119 billion worth of 3-, 10-, and 30-year bonds while investors await a surge in corporate debt issuance. The week after Labor Day is typically a busy time for corporate bond issuance because the calendar period hits the right spot: after the summer lull and before the winter holidays. About $65 billion worth of investment-grade bonds get issued, on average.

Weakness in preferred shares from Bank of America, Wells Fargo, and other major banks suggests investors expect interest rates to remain elevated.

The Treasury Department is getting set for a high-stakes week as it holds its first major auction since Secretary Scott Bessent’s intervention last month. The Treasury is set to auction $39 billion worth of 10-year bonds on Wednesday and $22 billion worth of 30-year bonds on Thursday. It’s the department’s first auction of 10- and 30- year bonds since Bessent’s intervention on Aug. 19, when the Treasury suddenly said it would purchase significantly more bonds from investors than previously communicated.

Oil prices continued to rise on Tuesday, tanking stocks. Despite today's moves, market volatility held relatively low. The Dow Jones Industrial Average fell 1.2%, or 627 points. The S&P 500 dropped 0.
Stocks fell on Monday as long-dated bond yields continued to climb amid surging oil prices, raising concerns that the Federal Reserve will need to hike rates at its policy meeting next week.
Stocks rose after the monthly jobs report

The Dow Jones Industrial Average, S&P 500 and Nasdaq edged lower today as a strong August jobs report provided another datapoint for Federal Reserve policy expectations. Also, diesel prices hit a record high, and another retail brand, Lululemon Athletica, took an earnings hit.

The surprise on payrolls will “fan the flames of the global bond market sell-off that's been underway in recent months,” wrote Robin J. Brooks, a senior fellow at the Brookings Institution on X. Inflation data for August, out next Friday, will be a bigger factor for interest rates. If inflation shows progress in cooling, the Fed could keep interest rates steady.

With the U.S. economy gaining 162,000 jobs in August and unemployment remaining on a steady course, Fed officials won't need to worry as much about labor conditions when weighing the possibility of raising interest rates later this month. If August's jobs growth had been weak again, it might have raised concerns that the economy wasn't strong enough for higher interest rates.

Treasury yields are climbing after a hotter-than-expected jobs report that analysts said increases the chances the Federal Reserve will lift short-term rates at its next meeting. The 2-year yield, which often rises and falls with traders' expectations for short-term rates set by the central bank, was recently trading around 4.

Stocks pulled back after the August jobs report came in strong. Dow Jones Industrial Average futures fell 0.2%, or 129 points, while S&P 500 futures slipped 0.2%. Tech stocks held onto modest gains with Nasdaq 100 futures up 0.

This week was a dramatic one for bond yields. Yields took another step down yesterday after Fed Governor Christopher Waller said he would support holding interest rates steady if August inflation data supports it.

A new proposal from Norges Bank Investment Management envisions shrinking the oil fund's overall portfolio of government debt. Its holdings of Japanese debt stand to rise, however, because of a technical change in how the fund measures the market. Bond holdings are currently based on the size of a country's economy, which kept Japan's allocation lower than its debt footprint while increasing the U.S. share.

The manager of Norway's $2.4 trillion sovereign-wealth fund proposed cutting its holdings of government bonds and adding riskier debt to boost returns. The move would shrink its portfolio of U.S. Treasurys by about $80 billion, according to WSJ calculations. The proposed changes would see the fund's exposure to U.S. Treasurys fall to 21.9% of its bond portfolio from 34.1%.

Stock futures were rising on Friday as bond yields retreated ahead of the August nonfarm payrolls report, which will help decide the Federal Reserve’s next move on interest rates. Nasdaq 100 futures rose 0.5%. Dow Jones Industrial Average futures slid 47 points, or 0.1%.

The Morning Bull - US Market Morning Update Friday, Sep, 4 2026 US stock futures are slightly higher this morning, with key contracts on the S&P 500 and Nasdaq 100 up around 0.1% to 0.2%, as investors balance easing bond pressure with mixed global growth signals. The US 10 year Treasury yield has slipped back toward 4.78%, which means borrowing costs for mortgages, credit cards and companies are a bit less intense than earlier in the week. At the same time, business activity surveys show...
As long-term bond yields climb to new heights, a divide over what is driving the historic run-up has opened between Federal Reserve policymakers and Wall Street.

Stocks climbed as Wall Street let out a sigh of relief that bond yields ticked lower and the odds of a Federal Reserve rate hike fell. The S&P 500 gained 1%, and the Nasdaq Composite rose 1.4%. The Dow Jones Industrial Average added 1.

The Dow Jones Industrial Average, S&P 500 and Nasdaq saw gains in morning trading as the odds of a Fed rate hike plunged, geopolitical unrest continued and Nvidia kept acquiring. Here is what is driving the markets today: The Fed’s will-they-won’t-they rate hike: The odds of a Fed rate hike this month are now a coin flip, according to CME FedWatch.

Treasury yields are on pace for a second consecutive daily decline, as markets trim odds of an interest rate increase this month to 50% from 63%. The drop in yields happens even as the factors driving them to recent highs remain in place.

Stocks opened Thursday's session higher, extending gains from the prior session as bond yields inched lower. The S&P 500 was up 0.5%, and the Nasdaq Composite rose 0.5%. The Dow Jones Industrial Average popped 0.

Oil prices are settling after President Trump told reporters yesterday that he doesn't expect the latest round of fighting in the Middle East to last "too long." Fielding questions in the Oval Office, Trump was also asked about the recent jump in oil prices on the back of the attacks have flared in the Middle East this week.

Stocks were set to open higher on Thursday as bond yields retreated, which could help ease fears about the surge in borrowing costs in recent months. Nasdaq 100 futures rose 0.2%. The Dow and Nasdaq also closed in the green.
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