Zerohedge store image

Stocks slide and yields reverse higher - Newsquawk US Market Wrap

US Treasury Secretary Bessent to announce economic actions on Iran on Monday that will "collapse the regime"; Bessent says long-end buyback increases could extend beyond $4B, depends on market conditions; US initial and continuing claims stay within YTD ranges; US Philly Fed beats expectations; Fed's Daly says policy in a good place, Musalem says policy is neutral or accommodative right now; Iranian Supreme Leader adviser Rezaei says "The best response to Trump's escalation of economic warfare is to withdraw from the NPT"; Strong US 30yr TIPS auction; US national debt surpasses $40tln; US EPA in consultation with DOE expands gasoline supply to lower prices at the pump; Aussie employment unexpectedly declines; WMT SSS and guidance underwhelms.