Treasury doubles bond buybacks as Wall Street rises

US Treasury Secretary Scott Bessent announced the expansion of long-dated bond purchases on August 28, while major indices closed higher.

Marcus Vance

Markets Reporter

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As of 2026-08-28 02:43 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

Wall Street rose on August 28, 2026, with the Nasdaq Composite up 1.57%, the S&P 500 gaining 0.72%, and the Dow Jones adding 0.2%. ^[6]