NewsWPLG Local 10August 19, 2026Miami-Dade
U.S. Treasury Department increases bond buybacks to stabilize market yields
The U.S. Treasury Department announced it will at least double the size of its planned purchases of longer-term Treasurys from Sept. 9 through Nov. 4 to provide liquidity support to the bond market. This action aims to ease pressure on Treasury yields, which have risen due to concerns over inflation and government debt.
Read the full story at WPLG Local 10Why It Matters
The Treasury's intervention is intended to lower borrowing costs for the economy by stabilizing interest rates on 10- and 30-year government bonds.
Key Facts
- The U.S. Treasury Department will at least double its planned purchases of longer-term Treasurys from Sept. 9 through Nov. 4.
- The yield on the 10-year Treasury fell to 4.64% from 4.71% following the announcement.
- The 30-year Treasury yield fell to 5.18% from 5.28%.
- The S&P 500 rose 16.22 points to 7,707.98.
- The Dow Jones Industrial Average added 119.65 points to 53,463.05.
- The Nasdaq composite added 41.38 points to 26,331.09.
- Estee Lauder reported earnings per share of 39 cents, exceeding the expected 32 cents.
- Moderna shares rose 177% following cancer vaccine study results.
- Merck shares rose 12.6% following cancer vaccine study results.
Who's Mentioned
organizationModerna“Reported positive cancer vaccine results.”organizationEstee Lauder“Reported strong spring profits.”organizationBNP Paribas“Financial firm providing analysis on Fed credibility.”organizationFederal Reserve“Central bank responsible for short-term interest rates.”organizationTarget“Reported better-than-expected profits.”organizationU.S. Treasury Department“Announced the increase in bond buybacks.”personKevin Warsh“Chairman of the Federal Reserve.”organizationMerck“Reported positive cancer vaccine results.”personDonald Trump“President who lobbied for lower interest rates.”