{
  "id": 2243385,
  "title": "Dollar slides as Treasury acts to calm bond market turmoil",
  "url": "https://urgent.news/2026/08/20/dollar-slides-as-treasury-acts-to-calm-bond-market-turmoil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T21:00:00.000Z",
  "source": {
    "name": "Qatar Tribune Business",
    "slug": "qatar-tribune-business",
    "url": "https://www.qatar-tribune.com/article/249752/business/dollar-slides-as-treasury-acts-to-calm-bond-market-turmoil"
  },
  "original_language": "en",
  "account": "The US dollar experienced a significant drop, reaching a three-month low, on Thursday as the Treasury Department intervened to stabilize the bond market. The Treasury's buyback of securities with maturities between 10 and 30 years was aimed at reassuring markets that long-term bonds would not face a disorderly selloff, which had previously pushed yields to their highest level since 2007. This move reduced some concerns about the sustainability of US fiscal policy and the Federal Reserve's commitment to battling inflation, according to analysts. The dollar index fell to 98.558, its lowest level since May 14, while the euro surged to $1.1710, the highest since mid-May. Investors were grappling with a sharp sell-off in global bond markets due to mounting worries about soaring government debt and potential higher oil prices, stemming from the ongoing US-Zionist war with Iran. The Treasury's intervention aimed to manage long-term rates, as the market questioned the Fed's determination to fight inflation and the sustainability of US fiscal policy. The Jackson Hole Symposium is expected to provide further clues on the Fed's monetary policy outlook under new Chair Kevin Warsh, amid competing influences and the need to steer rates effectively.",
  "summary": "AgenciesThe US dollar was pinned near a three-month low on Thursday after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields to their highe...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Instant View: US Treasury will double some bond buy backs",
        "url": "https://urgent.news/2026/08/19/instant-view-us-treasury-will-double-some-bond-buy-backs",
        "published": "2026-08-19T13:43:28.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "Bessent becomes most interventionist Treasury chief in decades",
        "url": "https://urgent.news/2026/08/20/bessent-becomes-most-interventionist-treasury-chief-in-decades",
        "published": "2026-08-20T19:07:36.000Z"
      },
      {
        "outlet": "Associated Press",
        "title": "Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far",
        "url": "https://urgent.news/2026/08/20/why-treasury-secretary-bessents-moves-to-calm-the-bond-market-havent",
        "published": "2026-08-20T19:53:01.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Warsh faces Fed independence test as Bessent moves in on central bank's turf",
        "url": "https://urgent.news/2026/08/20/warsh-faces-fed-independence-test-as-bessent-moves-in-on-central",
        "published": "2026-08-20T20:02:18.000Z"
      },
      {
        "outlet": "This Is Money",
        "title": "Bitcoin above $70k for first time since early June after Bessent's intervention in bond markets",
        "url": "https://urgent.news/2026/08/20/bitcoin-above-70k-for-first-time-since-early-june-after-bessents",
        "published": "2026-08-20T21:10:48.000Z"
      },
      {
        "outlet": "National Post",
        "title": "U.S. Treasury Secretary to detail plans to isolate Iran’s economy on Monday",
        "url": "https://urgent.news/2026/08/20/u-s-treasury-secretary-to-detail-plans-to-isolate-irans-economy-on",
        "published": "2026-08-20T21:40:38.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "US bond selloff resumes despite Treasury intervention",
        "url": "https://urgent.news/2026/08/20/us-bond-selloff-resumes-despite-treasury-intervention",
        "published": "2026-08-20T21:41:21.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Turmoil in Treasury bond yields sparks global worries: What to know",
        "url": "https://urgent.news/2026/08/20/turmoil-in-treasury-bond-yields-sparks-global-worries-what-to-know",
        "published": "2026-08-20T22:27:09.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "US bond sell-off resumes despite Treasury intervention",
        "url": "https://urgent.news/2026/08/20/us-bond-sell-off-resumes-despite-treasury-intervention",
        "published": "2026-08-20T22:51:35.000Z"
      },
      {
        "outlet": "Jerusalem Post",
        "title": "Treasury Secretary Bessent says US will 'squash' Iranian economy, collapse 'murderous regime'",
        "url": "https://urgent.news/2026/08/20/treasury-secretary-bessent-says-us-will-squash-iranian-economy",
        "published": "2026-08-20T23:36:48.000Z"
      }
    ]
  },
  "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."
}