Today's treasury buyback move wasn't huge in itself, but it's part of a clear pattern of Bessent intervening to tamp down yields. That is creating a fair amount of market risk for the Treasury, and putting even more pressure on the Fed. With @steveliesman.bsky.social www.cnbc.com/2026/08/19/b...

9:04 PM · Aug 19, 2026 · via Bluesky