{
  "id": 2442894,
  "title": "US Treasury yields extend rebound as Services PMI beats estimates",
  "url": "https://urgent.news/2026/08/21/us-treasury-yields-extend-rebound-as-services-pmi-beats-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T22:38:51.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-treasury-yields-extend-rebound-as-services-pmi-beats-estimates-202608212238"
  },
  "original_language": "en",
  "account": "US Treasury yields rebounded as the Department of the Treasury announced a bond buyback, according to the latest data. Across the yield curve, yields rose, with the 2-year Treasury yield increasing by five basis points to 4.24%, and the 10-year benchmark note jumping nearly three basis points to 4.474%. Despite the Treasury's plan to increase purchases from $2 to $4 billion on the long end of the curve, the 30-year bond yield remained high at 5.276%, up 2.5 basis points for the week. The US S&P Global Services PMI improved in August, surpassing expectations, while manufacturing activity slowed slightly due to disruptions from the US-Iran war. The focus now shifts to Treasury Secretary Bessent's announcement of new Iranian sanctions, the US PCE report, BLS prelim benchmark revisions, and Fed Chair Warsh's appearance at Jackson Hole. The US Dollar Index is unchanged at 98.84. Interest rates are influenced by central bank base lending rates, which adjust in response to economic changes. Central banks aim to maintain price stability, typically around a 2% core inflation rate. Higher interest rates strengthen a country's currency, while also negatively impacting the price of gold. The Fed funds rate, set by the Federal Reserve at its FOMC meetings, impacts financial markets and is closely monitored by analysts. Despite recent gains in the US Dollar and rising US Treasury yields, gold experienced a rally, briefly surpassing $4,600 per troy ounce. The cryptocurrency market remained bullish, with Bitcoin surpassing $77,000, and other altcoins trading near $2,400 and $1.35, respectively.",
  "summary": "US Treasury yields continue their recovery following the announcement of a bond buyback by the US Department of the Treasury, while data reveal that business activity remains solid despite a slowdown in manufacturing.",
  "key_points": [
    "US Treasury yields rebound with 2-year at 4.24% and 10-year at 4.474%",
    "US Services PMI beats expectations in August",
    "Iran sanctions and Fed Chair Warsh's Jackson Hole appearance highlighted"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}