Watch Bessent Shocks Markets With Bigger Buybacks | Open Interest 8/19/2026
2 Articles
2 Articles
Watch Bessent Shocks Markets With Bigger Buybacks | Open Interest 8/19/2026
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Treasury Secretary Scott Bessent surprises markets with a major boost to debt buybacks as yields hit multi-year highs. SK Hynix surges on a nearly $30 billion buyback. Moderna and Merck jump on promising melanoma vaccine results. Plus, Target and Lowe’s report, with Walmart still ahead. Telsey's Joseph Feldman joins us on the retail winners and losers.
Interest rates in both the US and Europe fell on Wednesday afternoon, following a supportive message from the US Treasury Department, while the dollar fell.
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