{ "id": 2061104, "title": "Dollar hugs three-month lows as Treasury seeks to sooth the bond market", "url": "https://urgent.news/2026/08/20/dollar-hugs-three-month-lows-as-treasury-seeks-to-sooth-the-bond-2061104", "topic": "finance", "section": "Finance & Markets", "published": "2026-08-20T02:51:22.000Z", "source": { "name": "Business Recorder", "slug": "business-recorder", "url": "https://www.brecorder.com/news/40435708/dollar-hugs-three-month-lows-as-treasury-seeks-to-sooth-the-bond-market" }, "original_language": "en", "account": "The US dollar experienced a significant drop on Thursday, settling close to its three-month lowest point as the US Treasury Department implemented measures aimed at stabilizing the bond market. The bond market had witnessed 30-year yields reaching their highest level since 2007, causing widespread concern among investors. The dollar index, which gauges the value of the US currency against six others, slumped to 98.938, marking its lowest level since mid-May. The euro strengthened to $1.1676, its highest level since late May. In response to the severe bond selloff that pushed the 30-year Treasury yield to a 19-year high of 5.337%, the US Treasury announced plans to double liquidity support buyback operations targeting longer-dated bonds. Tony Sycamore, a market analyst at IG, noted that the Treasury was removing longer-duration bonds from circulation while simultaneously issuing more short-term bills, exerting downward pressure on long-term yields without the Federal Reserve expanding its balance sheet. Brian Jacobsen, chief economic strategist at Annex Wealth Management, emphasized the move's temporary nature and highlighted how \"we're in an era of fiscal dominance and modern monetization.\" He further explained that the Federal Reserve lacks the ability to influence long-term rates, and therefore, the Treasury will issue additional short-term debt due to weak demand for long-term debt. The yen traded at 158.32 per dollar, moving away from the 160 level following an intervention by Japan. The British pound settled at $1.3603, while the Swiss franc was at 0.7981 per US dollar, nearing a two-month high.", "summary": "SINGAPORE: The US dollar nursed steep losses on Thursday , hovering near three-month lows as investors digested measures announced by the US Treasury Department to help calm the bond market that had seen long-end yields hit their highest since 2007. The dollar index , which measures the US currency against six other units, was at 98.938, around its lowest level since mid-May. The euro was at…", "key_points": [], "editors_take": null, "illustration": null, "coverage": { "outlets": 12, "also_reported_by": [ { "outlet": "Hindustan Times - World News", "title": "Why is Bitcoin rising after the US Treasury doubled bond buybacks? What it means for BTC, crypto and inflation", "url": "https://urgent.news/2026/08/19/why-is-bitcoin-rising-after-the-us-treasury-doubled-bond-buybacks", "published": "2026-08-19T18:23:42.000Z" }, { "outlet": "The Block", "title": "Bitcoin hits $69,000, ether jumps 10% as Treasury buybacks, SEC crypto proposal fuel market rally", "url": "https://urgent.news/2026/08/19/bitcoin-hits-69-000-ether-jumps-10-as-treasury-buybacks-sec-crypto", "published": "2026-08-19T19:05:42.000Z" }, { "outlet": "The Hill", "title": "Treasury Department to double debt buybacks after bond yield spike", "url": "https://urgent.news/2026/08/19/treasury-department-to-double-debt-buybacks-after-bond-yield-spike", "published": "2026-08-19T19:33:26.000Z" }, { "outlet": "The National Business", "title": "US Treasury moves to ease bond market pressure as Fed wrestles with rate rises", "url": "https://urgent.news/2026/08/19/us-treasury-moves-to-ease-bond-market-pressure-as-fed-wrestles-with", "published": "2026-08-19T20:26:47.000Z" }, { "outlet": "Qatar Tribune Business", "title": "US stocks gain as Treasury moves to shore up bond market", "url": "https://urgent.news/2026/08/19/us-stocks-gain-as-treasury-moves-to-shore-up-bond-market", "published": "2026-08-19T21:00:00.000Z" }, { "outlet": "Seeking Alpha News", "title": "Gold surges to highest since May as U.S. Treasury to ramp up bond buybacks", "url": "https://urgent.news/2026/08/19/gold-surges-to-highest-since-may-as-u-s-treasury-to-ramp-up-bond", "published": "2026-08-19T21:50:09.000Z" }, { "outlet": "RTHK News - Finance", "title": "Stocks waver as US Treasury moves to lower bond yields", "url": "https://urgent.news/2026/08/19/stocks-waver-as-us-treasury-moves-to-lower-bond-yields", "published": "2026-08-19T22:36:31.000Z" }, { "outlet": "The Business Times - Companies & Markets", "title": "Gold holds near $4,500 as US Treasury buyback sends bond yields lower", "url": "https://urgent.news/2026/08/20/gold-holds-near-4-500-as-us-treasury-buyback-sends-bond-yields-lower", "published": "2026-08-20T00:28:17.000Z" }, { "outlet": "Investing.com", "title": "Dollar hugs three-month lows as Treasury seeks to sooth the bond market", "url": "https://urgent.news/2026/08/20/dollar-hugs-three-month-lows-as-treasury-seeks-to-sooth-the-bond", "published": "2026-08-20T01:01:13.000Z" }, { "outlet": "CNA - Business", "title": "Asian stocks rally as US Treasury steps in to ease bond fears", "url": "https://urgent.news/2026/08/20/asian-stocks-rally-as-us-treasury-steps-in-to-ease-bond-fears", "published": "2026-08-20T02:49:00.000Z" }, { "outlet": "New Straits Times", "title": "Asian stocks rally as US Treasury steps in to ease bond fears", "url": "https://urgent.news/2026/08/20/asian-stocks-rally-as-us-treasury-steps-in-to-ease-bond-fears-2066775", "published": "2026-08-20T03:14:55.000Z" } ] }, "ai_generated": true, "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original." }