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US Markets Morning Update - 2026-08-20

August 20, 2026
US Markets Morning Update - 2026-08-20
Markets
The U.S. Treasury made an extraordinary bond market intervention, expanding bond buybacks to steady rising yields amid a national debt that topped $40 trillion.

Good morning NYC. Key highlights for 2026-08-20:

  • The U.S. Treasury made an extraordinary bond market intervention, expanding bond buybacks to steady rising yields amid a national debt that topped $40 trillion.
  • Moderna surged 175% following a major cancer vaccine success, while short sellers lost $5 billion as the stock's gains continued.
  • SK Hynix announced South Korea's largest-ever stock buyback, despite having sold shares at a 50% higher price to U.S. investors just a month earlier.
  • Target and TJX both beat Q2 earnings expectations, with Target benefiting from tariff repayments and TJX seeing strong discount store traffic.
  • Trump criticized the bond market as "unfair," and Treasury Secretary Scott Bessent embraced his role as "America's bond trader in chief" amid ongoing fiscal challenges.

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