Image: investingLiveinvestingLive Americas news wrap: Bessent doubles down on buyback plan
• Treasury official Bessent reaffirmed a plan to implement Treasury buybacks during the North American market session on August 20, 2026. • The initiative aims to signal to markets that current elevated long-term yields are not reflective of actual economic fundamentals. • Bessent highlighted a growing administration focus on fiscal consolidation and noted that the Treasury would coordinate with the Federal Reserve for any necessary balance sheet adjustments.
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