Treasury doubles bond buybacks.

Bob Iaccino of Path Trading Partners breaks down the morning market action, noting an early lift in stocks led by Russell 2000 futures. The spotlight shifts to the U.S. Treasury, which announced it will double the size of its long bond buybacks from $2 billion to at least $4 billion per operation. Bob explains how this impacts long-end yields and supports risk assets. Traders also look ahead to today's FOMC minutes release at 2:00 PM EDT for a clearer view of the recent committee rate split. Finally, he outlines the heavy schedule ahead, highlighting key corporate earnings, the PBOC rate decision, and upcoming U.S. economic data including jobless claims and the Philly Fed manufacturing index.