Macro & Central Bank / Treasury

Fed Outlook: St. Louis Fed President Alberto Musalem noted that credit and financial conditions remain solid and have tightened orderly. He emphasized monetary policy independence and warned that long-term US debt levels are on an unsustainable fiscal path.
Treasury Debt Buyback: The US Treasury accepted $6 billion in offers (matching its maximum target) out of $14.886 billion received across eligible debt maturing between 2046 and 2056.

Money Market Funds:

US money-market fund assets rose to $7.96 trillion, according to ICI data.
Market On-Close (MOC) Imbalances: S&P 500 showed +$1.904 billion, Nasdaq 100 +$1.593 billion, Dow 30 +$221 million, and Magnificent 7 +$528 million.

Venezuela Production: Delcy Rodríguez reported an 8% YTD increase in Venezuela’s oil output.

Ukraine–Russia Diplomacy: Kremlin spokesman Dmitry Peskov agreed with US Secretary of State Marco Rubio that the conflict in Ukraine is in a stalemate. Meanwhile, US negotiators Witkoff and Kushner are scheduled to meet with Ukrainian representatives in Miami to discuss new peace proposals.
Middle East Tensions: Russian President Putin reaffirmed support for Iran in resolving regional crises. France deployed roughly 2,000 troops to assist Gulf allies and is evaluating security measures for Saudi Arabia’s Yanbu oil terminal.

AI Task Force: White House AI Task Force leadership is convening, with a full group meeting planned for next week to release its official charter.
Tech Developments: Anthropic announced a new cybersecurity initiative, while Synopsys is expanding work with Chinese AI labs and companies to accelerate chip design using AI tools.