U.S. government bond yields fell after the Treasury Department announced it would increase buybacks. The 30-year bond yield dropped 0.09 percentage point to 5.19%, its biggest one‑day decline since October, while the 10-year Treasury yield slipped to 4.65%. The Treasury now plans to purchase 10‑, 20‑ and 30‑year debt at least $4 billion per operation, up from a current $2 billion maximum. The move, highlighted by Aaron Back of *The Wall Street Journal*, is expected to curb the long‑term trend but may not fully arrest it.

U.S. stocks rose modestly, with the S&P 500, Dow and Nasdaq each gaining about 0.2%. Precious metals surged, pushing gold to its highest settlement since May. Minutes from the Fed’s July meeting revealed a growing divide among rate‑setters on inflation tactics; many officials said further hikes could be needed if inflation persists.

Moderna stock nearly tripled by close, driven by a large short squeeze, and the SPDR S&P Biotech ETF (XBI) jumped nearly 6%. The announcement also amplified leveraged zones in the market, as analyst Scott Bessent noted.