Treasury announces upscaled buyback operation for longer-term debt, se, 10s -1bp · desk brief, Wed 19 Aug 2026
Treasuries (close 2026-08-18): 2s 4.19% (+0.0bp), 10s 4.71% (-1.0bp), 30s 5.28% (-3.0bp).
Tape (close 2026-08-18): VIX 15.84, 2s10s +46bp.
Narrative: Rick Scott: Trump will have to resume full war with Iran
What mattered:
• Treasury announces upscaled buyback operation for longer-term debt, sending yields lower
• U.S. Treasury expands long-end buybacks amid elevated yields
• Long-Dated Treasuries Rally as Treasury Boosts Bond Buybacks
• Eurozone · Harmonized Index of Consumer Prices (MoM): 0.2
• Borrowing costs hit multi-decade highs