NewsWPLG Local 10 – Main FeedAugust 20, 2026Miami-Dade
U.S. Treasury expands government debt buybacks to stabilize bond markets
The U.S. Treasury Department announced plans to at least double its purchases of longer-term government debt, a move intended to lower bond yields and ease pressure on global stock markets. Following the announcement, Asian stock markets saw gains, with South Korea's Kospi index rising over 6%.
Read the full story at WPLG Local 10 – Main FeedWhy It Matters
The Treasury's decision to buy more government debt is designed to lower interest rates on bonds, which can influence borrowing costs for businesses and consumers and affect investment returns globally.
Key Facts
- The U.S. Treasury Department will at least double the size of its planned purchases of longer-term government debt.
- The yield on the U.S. 10-year Treasury fell to approximately 4.64% from 4.71%.
- The 30-year Treasury yield fell to 5.18% from 5.28%.
- South Korea's Kospi index surged 6.1% to 6,858.91.
- Japan's Nikkei 225 index gained 1.3% to 66,178.26.
- Hong Kong's Hang Seng index gained 1.1% to 25,786.32.
- The Shanghai Composite index rose 0.3% to 3,905.23.
- Australia's S&P/ASX 200 index rose 0.3% to 9,066.40.
- Brent crude oil prices rose 0.3% to $91.90 per barrel.
- U.S. benchmark crude oil prices rose 0.2% to $84.57 per barrel.
- The U.S. dollar rose to 158.60 Japanese yen.
- Japan reported a trade deficit for the third consecutive month in July.
Who's Mentioned
organizationSK Hynix“Stock price surged 14.1% following a share buyback announcement.”organizationSoftBank Group“Japanese investment firm whose shares added 3.8%.”personStan Choe“AP Business Writer who contributed to the report.”organizationSamsung Electronics“Stock price jumped 9.7%.”otherKospi“South Korean stock index that rose 6.1%.”otherNikkei 225“Japanese stock index that gained 1.3%.”organizationU.S. Treasury Department“Announced the expansion of debt buybacks.”