Bessent's buyback

Reuters Morning Bid · Aug 20, 2026 · 9m

U.S. Treasury Secretary Scott Bessent expands bond buybacks to calm a market rattled by rising borrowing costs. Meanwhile, America's debt tops $40 trillion for the first time, underscoring the scale of its funding challenge. Plus, Moderna reports a cancer vaccine breakthrough and sends its shares soaring.

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Today's recommended read: US relies on tactics, not strategy, to calm angry bonds by Mike Dolan

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