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

US equity futures waver and a rebound in long-dated Treasuries loses steam following US Treasury's announcement of plans to increase buybacks of longer-dated debt. US public debt hits $40 trillion for the first time. President Trump threatens an “economic D-Day” against Iran, targeting Tehran's trading partners. Sophie Huynh of BNP Paribas Asset Management discusses the market impact of the Treasury's buyback plans. Chapters: 00:00:00 - Bloomberg Brief Begins, 00:00:44 - Global Market Check: Global Markets React to Treasury Buyback Plans 00:02:01 - European Markets & Bond Yields 00:03:01 - Treasury Yields, Dollar, Gold & Bitcoin 00:04:46 - First Look Movers: Moderna & Crypto Stocks 00:05:52 - Treasury Buybacks & the Bond Market, Why Treasury's Intervention May Not Last, What Does the Fed Do Next? 00:09:14 - Trump Escalates Economic Pressure on Iran, Could Iran Escalate the Conflict 00:13:26 - Trending on the Terminal 00:14:36 - Samsung & SK Hynix Shareholder Returns, Alibaba Earnings Preview, China Narrows the US Lead in AI 00:20:10 - Front Page News 00:21:27 - Market Update: Treasury Buybacks, Dollar & Bitcoin 00:23:17 - First Look Movers: Moderna & Crypto 00:25:08 - Sophie Huynh, BNP Paribas Asset Management Portfolio Manager, on Treasury's Bond-Market Intervention & What the FOMC Minutes Signal 00:31:43 - Trending on the Terminal 00:33:12 - Trump's "Economic D-Day" Against Iran, US-Canada Trade & Tariffs 00:35:41 - Alibaba Earnings & AI Growth, Alibaba Earnings & AI Growth 00:38:38 - Retail Earnings & the US Consumer, What to Takeaway From Walmart, Home Improvement Spending & Consumer Pressure 00:41:23 - What to Watch -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts