US 4-month Treasury auction on Sept. 23 — stop-out yield 4.135%, prior 4.03%.

UN Secretary-General António Guterres on Wednesday named six countries—Indonesia, Zambia, Guinea, Zimbabwe, Madagascar and Nigeria—for a UN programme to help them capture more value from critical minerals central to the global energy transition. UN agencies will coordinate support to develop processing and downstream industries. Resource notes: Indonesia — world’s largest nickel producer; Zambia — Africa’s No.2 copper producer; Guinea — largest bauxite producer with undeveloped critical-mineral deposits; Zimbabwe — major African supplier of battery-grade lithium; Madagascar — cobalt, graphite and nickel reserves; Nigeria — largely undeveloped mineral sector.

Fed's Barkin said the labor market is not overheated and is not particularly tight.