Bob Iaccino covers the morning's market action as equities start lower and safety assets catch a bid. He breaks down the Treasury's expanded buyback program for older 10-Year and 30-Year securities, designed to improve liquidity and ease pressure on longer-term yields. Bob also previews the upcoming ECB rate decision, where markets anticipate a 25 bps rate hike following a recent jump in inflation, and outlines the heavy slate of earnings, auctions, and economic data ahead.