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Aug. 19, 2026 11:59 am ET
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Scott Bessent got bang for his buck on Wednesday. The decision to double to $4 billion the size of buybacks of the longest-dated bonds led the 30-year Treasury yield to plunge 0.1 percentage point, a bigger move than any day in the past year, and lit up leveraged areas of the stock market.
#wednesday #bang #decision
Aug. 19, 2026 11:59 am ET
Listen
(2 min)
Scott Bessent got bang for his buck on Wednesday. The decision to double to $4 billion the size of buybacks of the longest-dated bonds led the 30-year Treasury yield to plunge 0.1 percentage point, a bigger move than any day in the past year, and lit up leveraged areas of the stock market.
#wednesday #bang #decision
1 day ago
