Overnight Market Brief – 17 August 2026

US Treasury yields remained elevated despite the Treasury announcing plans to at least double its buybacks of longer-dated debt to USD 4bn per operation. The 30-year Treasury yield briefly reached 5.34%, its highest level since 2007, as investors remained concerned about the USD 40trn US debt burden, persistent inflation and heavy government issuance. The buyback announcement provided only temporary relief, with yields subsequently moving higher again.

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