Wednesday Afternoon Links

[Reuters] Wall St recovers as yields ease; Moderna lifts healthcare stocks

[Yahoo/Reuters] Oil prices up 1%, near 3-week high as Middle East crisis escalates

[Yahoo/Reuters] US yields head lower after Treasury offers liquidity support

[Axios] Treasury to double down on buybacks to steady bond market

[Axios] Iran war, said to be over "very soon," nears 6 months

[Bloomberg] ‘The Treasury Is Watching’: Bessent’s Buybacks Jolt Bond Market

[Bloomberg] Fuelmakers Run US Plants at Fastest Pace Since Iran War Erupted

[NYT] How the U.S. Navy Is Helping Get Oil Through the Strait of Hormuz

[WSJ] Why Scott Bessent Is Playing With the Treasury Market

[WSJ] North Korea Rejects Trump’s Drills-Cut Overture as an Empty Gesture

[FT] Private credit risks remain at large

[FT] Grain prices surge as Ukraine war chokes off Black Sea ports

[FT] The US munitions crisis goes back further than Iran