Bloomberg
Week of Whiplash in Treasuries Closing With Traders on Pause
Friday, August 21, 2026
Treasury Secretary Scott Bessent announced a bond buyback program during a week marked by significant price swings in U.S. Treasury markets. Kevin Gordon, Head of Macro Research & Strategy at Schwab Center for Financial Research, commented on the buyback's market impact. Traders assessed the program's implications as the week concluded.
