Bond Yields Rise Despite Treasury Efforts to Curb Borrowing Costs
Plus, crypto climbs and stocks bounce back.
Market News
Dow closes 500 pts higher as Wall Street rebounds from Treasury yield-driven sell-off
The Dow Jones Industrial Average rose nearly 1% on Friday as US stocks recovered from a sharp sell-off in the previous session, while investors continued to monitor elevated Treasury yields, oil prices and tensions in the Middle East. The S&P 500 and Nasdaq Composite also gained, although all three major indexes ended the week lower after breaking their recent winning streaks.
The Treasury buyback was a 'wise thing to do', says Fundstrat's Tom Lee
Tom Lee, Fundstrat managing partner and head of research, and Bryn Talkington, Requisite Capital Management managing partner, join 'Closing Bell' to recap the day's market moves.
Here's how Bessent's newly activist Treasury Department is undercutting the Fed's Warsh
The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
Largest US grid's transmission constraint costs surge to $6 billion in 2026
Congestion costs on PJM, the largest U.S. power grid, surged 43% to $6 billion during the first half of this year as overloads on high-voltage transmission lines escalated, the grid's independent watchdog said this week.
Treasury Whiplash, US Debt Hits $40T | Bloomberg Money 8/21/2026
Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: Rebecca Patterson, Council on Foreign Relations Senior Fellow, and Kevin Gordon, Charles Schwab Head of Macro Research & Strategy.
Week of Whiplash in Treasuries Closing With Traders on Pause
After a turbulent stretch for the US bond market, traders headed into Friday's session with questions about what Treasury Secretary Scott Bessent's next move will be. Kevin Gordon, Head of Macro Research & Strategy at Schwab Center for Financial Research, discusses the bond buyback announcement and impact on the market.
Wall Street Struggles to Absorb AI's Debt Boom
Broadcom is lining up another massive bet on AI. Bloomberg has learned the chipmaker is in talks to raise more than $60 billion in debt to help Anthropic and others secure chips and computing power.
Clock Ticks Down on New Canada Tariff Deadline
Sarah Bianchi, senior managing director at Evercore ISI and former deputy US trade representative, joined Balance of Power to discuss the upcoming tariff deadline. Bianchi said that after the US strikes a tariff deal with Canada, Mexico will likely ask for similar relief.
Vistance Networks: The RUCKUS Sale Leaves A Cheap And Clean Company
I'm reiterating Vistance Networks at a Buy rating with a $12.2 post-distribution price target, reflecting a 52% upside including a $5 special distribution. VISN's thesis shifts to a cash-rich broadband infrastructure play, with earnings temporarily depressed by memory chip costs and stranded expenses expected to normalize by 2028. Key growth drivers include the DOCSIS 4.0 upgrade cycle, investment in adjacent technologies (PON, vBNG, security), and significant operating leverage from cost normalization.
Stocks Look to End Volatile Week Higher Despite Yield Drama
A handful of earnings stragglers and minutes from July's Federal Reserve's meeting made their way across Wall Street this week, the latter of which showed support for an interest rate hike is growing.
The Treasury, the Fed and the threat to your money
Also in Weekend Reads: The Gen Z online sports-betting trend, what's next for Apple as Tim Cook exits, and a bullish take on Nvidia heading into earnings.
Bessent's bond gambit aimed at calming markets is instead stirring inflation worries
Investors over the past several days have begun pricing in higher inflation rates, following a Treasury Department market intervention announced this week. Breakeven rates hit levels not seen in more than two months as investors grew concerned over the inflationary impacts of the department's intention to double its buyback levels of government debt.
Why Stocks Are Shrugging Off the Rise in Bond Yields
Do higher yields make bonds more appealing than stocks? Probably not.
How High Can Treasury Yields Rise Before Tanking the Stock Market?
The view that 5% on the 10-year Treasury is a tipping point for stocks is too simplistic. But consider tapping into some of today's fat yields anyway.
Kalshi traders think the bitcoin rally could end the year near current levels
Bitcoin has rallied ferociously this week after the U.S. Treasury intervened to stop a sell-off in bonds and industry leaders and regulators rallied at the White House to put pressure on Congress to approve the Clarity Act market structure proposal. But traders on prediction market platform Kalshi think that the cryptocurrency likely will end the year near current levels, doubting the coin's rally will go much higher or last.
Everyone was waiting for $45,000. Bitcoin nearly touched $80,000.
Bitcoin is up roughly 24% this week, its strongest since 2023, and touched nearly $80,000. Everyone who spent the summer waiting to buy back at $45,000 is now watching from the sidelines.
5 things to know about the Chinese e-commerce juggernaut Shein ahead of its IPO
The fast-fashion giant is targeting a listing in Hong Kong by Sept. 1. It's been trying to go public for four years.
Frontline: Repricing Real Tanker Capacity In An Inflationary Supercycle
Frontline plc has executed a fleet transformation, acquiring 24 ECO VLCCs and selling older tonnage, now boasting a 99% ECO fleet averaging 5.8 years. Q1 2026 saw record nominal revenue of $714.24M and $335M net income, with TCE-adjusted analysis confirming earnings are driven by spot market leverage, not just fleet growth. Technical analysis signals a breakout, with FRO targeting $50–$51 short term and, if the gold ratio thesis plays out, $85–$106.50 long term.
Bitcoin's best week since 2023: Here's what you need to know
CNBC's Tanaya Macheel reports on historic high for Bitcoin, renewed demand for Bitcoin ETFs and the push for the CLARITY Act from the White House and crypto leaders.
