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U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department’s buybacks of longer-dated Treasury bonds.

SpaceX Drops 6%, Dips Below Its IPO Price as 319M Shares Unlock; Rocket Lab Falls 4%

Bessent said his department is going "make a market" in the longer-dated securities where yields have been surging lately.

Mitsubishi Electric to acquire US energy software company for $1.4bn

Tajikistan says it has asked to import 2.5 million tons of oil and fuel from Iran Reuters

Saudi Aramco sells at least 4 million barrels of crude loading outside Hormuz to China, sources say Reuters

Market participants are warning that a lack of predictability when it comes to the US Treasury’s debt management strategy could ultimately portend higher borrowing costs. Guneet Dhingra, Head of US Rates Strategy at BNP Paribas, discusses this, and examines current parallels with the 2023 bond sello

Proprietary trading firms, including those owned by global companies, saw their gross profit from equity derivatives decline to 445 billion rupees ($4.65 billion) in the year ended in March, as speculative fervor cooled following curbs imposed by the market regulator.

Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank

Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch