The U.S. Treasury may increase its 30-year bond buyback capacity to $10 billion per operation, up from the current $4 billion, according to analysts. Bessent is expected to announce updated buyback parameters for government bonds today, including those for 10-year and 20-year maturities. Previously, Bessent indicated that the buyback volume of "long bonds" could be increased if deemed necessary. Experts emphasize the importance of maintaining market stability ahead of the U.S. midterm elections. Source.
The internal strength of the S&P 500 has declined significantly over the past two weeks, with only 42% of its constituent stocks trading above their 50-day moving average, marking a five-month low. Historically, the U.S. stock market tends to experience weakness beginning in August, reaching a nadir in mid-September, before rallying in the fourth quarter, according to Bank of America. Despite typical September trends, the S&P 500 is currently consolidating near record highs. Recently, former President Trump expressed optimism that stock prices will increase, and analysts expect a potential boost during the election season.
Cuban President Miguel Díaz-Canel has affirmed that Cuba will no longer be subject to colonial control. Previously, former U.S. President Donald Trump had frequently asserted that seizing Cuba would be an easy undertaking for the United States.
✴️🇩🇪 Germany is set to introduce a 25% tax on profits from cryptocurrency transactions starting in 2027. This move will abolish the current one-year period during which profits remain untaxed.
🚨 The Russian Finance Ministry has successfully placed OFZ 26218 bonds, amounting to 51.49 billion rubles. The auction witnessed substantial demand, totaling 91.82 billion rubles. The average yield on these bonds is reported at 15.45% per annum.
❗️🛢 Iran is set to permanently ban the passage of vessels to the east of the Strait of Hormuz, expanding the restricted zone into the Gulf of Oman and the Arabian Sea. This new restricted area, announced by Tehran, will encompass regions including the port city of Chabahar. This move, communicated by the IRGC, aims to enforce Iran's maritime boundaries by prohibiting any ships from traveling through these designated waters.
🇷🇸 Serbian President Aleksandar Vučić has dissolved the parliament, paving the way for potential early elections.
🇺🇦 Russia prioritizes Abu Dhabi as the venue for talks on Ukraine, stated Ushakov, according to Vesti.
🇷🇺🇮🇳 United Aircraft Corporation (UAC) is set to sign agreements with India regarding the Il-114-300 at the "Innoprom" exhibition, reports RIA. The UAC aims to finalize a deal for the delivery of the SJ-100 to an Indian airline by 2027, according to RIA. Additionally, a licensing agreement for localizing the SJ-100 in India is nearly finalized, announced TASS.
🚨 U.S. employment data reveals a rise of 12,000 jobs according to the latest ADP report, slightly surpassing the previous increase of 11,800 jobs.
🇷🇺🇻🇳 Russian President Vladimir Putin is holding a meeting with the President of Vietnam, To Lam.