The goal is to strengthen resilience in the $26 trillion U.S. Treasuries market, which has been roiled in recent years by sudden freezes in trading.

A House Committee alleges the PBGC allowed over $127 million to flow to deceased pension-plan participants; the PBGC asserts funds were not "improperly" paid.

Though the how, why, and when remain murky, bond traders expect currently inverted Treasury yield curves to soon normalize.

Last week's 187,000 initial applications for unemployment benefits reflect the lowest level for that metric since September 2022.