Court of Justice of the European Union rejects Hungary's challenge to distributing profits from frozen Russian assets to Ukraine.

US Treasury Secretary Bessent will disclose the size of an expanded federal debt buyback program; market participants view the number as a lever to curb rising long-term borrowing costs. Financial institutions currently expect a $5–6 bln operation; economists warn a $4 bln package could disappoint and rekindle selling, while a materially larger size would signal the government is more concerned about market instability. Bessent has defended the interventions, calling the recent sell-off a speculative spike warranting policy response and saying his aim is to restore market equilibrium, not to set long-term rates. Ten-year Treasury yields remain near 2023 highs — a direct driver of US mortgage rates and corporate borrowing costs — leaving the announced buyback size an immediate market-moving variable.

Al Jazeera reports a U.S.-EU draft resolution calling on Iran to engage in unconditional dialogue.