Business · Important news for 22 August 2026
US National Debt Officially Surpasses $40 Trillion for the First Time
Bessent Signals Readiness to Boost Treasury Buybacks Further
Following a doubling of Treasury buybacks, Scott Bessent indicates willingness to increase them further to suppress long-term yields.
- Bessent stated readiness to boost Treasury buybacks further to push down long-term yields.
Treasury Upsized Buybacks Complicate Fed Monetary Policy
Bond market acts like Great Recession era as 30-year Treasury yield climbs above 5%
US economy faces renewed scrutiny after hitting new debt milestone
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