Buyback-fueled Treasury Rally Cools; US Public Debt Hits $40T | Bloomberg Brief 08/20/2026

The US Treasury announced plans to increase buybacks of longer-dated debt, causing a cool-down in the Treasury rally and bringing US public debt to $40 trillion for the first time. Separately, President Trump threatened an “economic D-Day” against Iran, targeting its trading partners. Sophie Huynh discussed the market impact of these buyback plans.