U.S. stocks are higher this morning after yesterday's tech and bond selloff. The Nasdaq was up 0.2%, while the Dow Jones Industrial Average and S&P 500 rose 0.5%.

Here's what is driving the markets today:

Treasury buybacks: U.S. government bond yields are sinking after the Treasury Department said it would double the size of its long-term government debt buybacks, in an apparent move to calm the bond market. Yesterday, the 30-year U.S. Treasury yield hit its highest levels since 2007 and closed at 5.284%. This morning, the 30-year bond yield moved lower to 5.19%.

More earnings: Target (TGT) reported a second-quarter earnings beat and lifted its guidance again as the retailer's turnaround takes shape. It expects sales growth of around 5% this fiscal year. Target shares were up more than 5%, hitting a 52-week high.

Fed minutes incoming: The Federal Reserve's July meeting minutes are due today. The question on everyone's mind: Is Fed Chair Kevin Warsh getting closer to hiking interest rates? Investors will have the opportunity to dive into Fed minutes today at 2 p.m. ET.