S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The yield on the 10-year US Treasury note steadied around 4.7% on Tuesday as investors continued to assess the implications of the Treasury Department’s expanded debt buyback program. Reports suggested that the US government may tap its cash account to finance the increased buybacks, marking a shift as such purchases are typically intended to be cash neutral and have been funded through new issuance. Treasury Secretary Scott Bessent on Monday refrained from providing further signals on a potential revamp of US debt management, while reassuring markets that auction sizes for bonds would not be reduced. Meanwhile, markets speculated that the plan may offer only a temporary solution, renewing concerns over the risks of a US debt crisis and dollar weakness. Elsewhere, investors looked ahead to the latest US PCE price index data and Fed Chair Kevin Warsh’s speech at the annual Jackson Hole symposium this week for fresh clues on the monetary policy outlook.
