
US Treasury Buyback Backfires as Bond Market Defies Bessent, 10-Year Yield Hits 4.86 Percent
Treasury triples long-dated buyback to $6 billion, but Wall Street expected $7-8 billion, sending the 10-year yield to its highest since November 2023.
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Treasury triples long-dated buyback to $6 billion, but Wall Street expected $7-8 billion, sending the 10-year yield to its highest since November 2023.

Bloom Energy, Illumina and Everpure join the S&P 500 on Sept. 21, replacing Molson Coors, The Trade Desk and Builders FirstSource. Four tech names enter the S&P 100.

Hormuz traffic collapses to just 10 ships a day as US diesel hits record $5.90 per gallon and Brent settles at $97.92 after briefly topping $100.

Fed Governor Christopher Waller said he would lean toward holding rates at the September 15-16 meeting if August inflation confirms disinflation. Markets rallied.

Government bond yields surge to multi-year highs across the US, Japan, UK and Germany as oil-driven inflation and fiscal deficits fuel a synchronized global selloff.

The US has unveiled over 60 new sanctions on Iran's global financial networks, threatening secondary penalties for countries still trading with Tehran.

The stock fell another 2.9% to close a seventh straight losing session, its worst streak since 2022, as investors brace for quarterly results due Wednesday.

Samsung fell 8.7 percent on August 24 as its 110 trillion won shareholder return plan disappointed, dragging the KOSPI down 3.12 percent.

MPS approves two voluntary OPS worth 34 billion euros on BPM and Generali, challenging Intesa's 30.6 billion euro bid.

Two Treasury officials say the $950 billion TGA is "considered available" to fund expanded bond buybacks, addressing investor doubts on firepower.
The UAE imposed an indefinite trade embargo on Iran on August 19, 2026, after detecting two ballistic missiles allegedly launched from Iranian territory toward the Gulf.

Japan's 10-year JGB yield hit 2.93 percent, its highest level since September 1996, as BOJ rate hike expectations and fiscal concerns drive bond selling.

The S&P 500 topped 7,800 for the first time ever, closing August 13 at a new record of 7,798.99 points (+0.7%). Flat July PPI, Fed-on-hold bets and semiconductors led. But for investors, strategy matters more than the record.

The August 13 auction sold $25 billion of 30-year bonds at a 5.216% high yield, the highest since 2001: Washington pays a growing premium as federal debt nears $40 trillion.

The yen fell as much as 1 percent to 159.35 per dollar on Monday, erasing about half of the gains from the first coordinated US-Japan intervention since 1998, as investors bet on more weakness without fresh official support.

Iran says it is "very close" to a shipping agreement with Oman over the Strait of Hormuz, but warns the deal alone will not reopen the waterway: Tehran wants additional conditions from Washington, including compensation. A new missile strike hit an ADNOC vessel.

Q2 2026 earnings: record 29.2% beat above estimates (5-year average 7.0%), net margin at 16.9%, an all-time high. Alphabet ($98B unrealized gains) and Amazon ($53.4B on Anthropic) drive the surge; strip them out and the beat is still 10.9%.

US Treasury Secretary Scott Bessent said the US and Iran could reach a deal to reopen the Strait of Hormuz as soon as Tuesday or Wednesday, sending oil prices down about 4% and lifting US equity futures.

The US and Japan confirmed a rare coordinated intervention to prop up the yen, with the New York Fed selling euros for yen on behalf of the Treasury. Trump called it "a sign of friendship", Bessent voiced full support. First joint yen purchase since 1998.