EconomyBessent Shocks Markets With Bigger Buybacks | Open Interest, Aug. 19, 2026

Treasury Secretary Scott Bessent surprises markets by sharply increasing debt buybacks as yields reach multi-year highs. SK Hynix surges on a nearly $30 billion buyback, while Moderna and Merck rise on promising melanoma vaccine results. The program also covers Target, Lowe’s and Walmart.

People in this report Scott Bessent