What I read this week: August 23rd, 2026

The US Treasury department on Wednesday stunned Wall Street by revealing plans to “at least double” its purchases of long-term government bonds beginning next month.
“[Bessent] understands the problem. But understanding the problem and being able to do something material about it are two different things,” said Jim Caron, chief investment officer at Morgan Stanley Investment Management. “The Treasury simply can’t control long-term yields.”

The Treasury said on Wednesday it would “at least double” its purchases of securities maturing in 10 to 30 years, increasing such operations from $2bn to “at least” $4bn.
Bessent said “We believe the yields don’t reflect the underlying fundamentals,” he said. “We believe that the liquidity, especially at the 30-year point, is very poor.”

The U.S. Department of the Treasury is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the 10-year to 20-year sector and the 20-year to 30-year sector). The current maximum size of $2 billion per operation will be at least $4 billion per operation.
This increase in buyback operation sizes reflects Treasury’s desire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants, as evidenced by the significant volume of high-quality offers Treasury routinely receives in longer-dated buyback operations.

$AAOI announced an at-the-market (ATM) equity distribution program worth up to $600 million in partnership with Raymond James and Needham & Company. The capital raise is intended to fund heavy capital expenditures and capacity expansion for high-speed AI optical tech, though it sparked immediate share dilution concerns.
FinX was up in arms. Management is terrible. Management is shady. Everything was said. However, they announced this in their Q2 earnings call by stating shares outstanding would increase 92.8 million shares.

Recommended

For informational purposes only — not investment advice.

The US Treasury department on Wednesday stunned Wall Street by revealing plans to “at least double” its purchases of long-term government bonds beginning next month.
“[Bessent] understands the problem. But understanding the problem and being able to do something material about it are two different things,” said Jim Caron, chief investment officer at Morgan Stanley Investment Management. “The Treasury simply can’t control long-term yields.”

The Treasury said on Wednesday it would “at least double” its purchases of securities maturing in 10 to 30 years, increasing such operations from $2bn to “at least” $4bn.
Bessent said “We believe the yields don’t reflect the underlying fundamentals,” he said. “We believe that the liquidity, especially at the 30-year point, is very poor.”

The U.S. Department of the Treasury is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the 10-year to 20-year sector and the 20-year to 30-year sector). The current maximum size of $2 billion per operation will be at least $4 billion per operation.
This increase in buyback operation sizes reflects Treasury’s desire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants, as evidenced by the significant volume of high-quality offers Treasury routinely receives in longer-dated buyback operations.

$AAOI announced an at-the-market (ATM) equity distribution program worth up to $600 million in partnership with Raymond James and Needham & Company. The capital raise is intended to fund heavy capital expenditures and capacity expansion for high-speed AI optical tech, though it sparked immediate share dilution concerns.
FinX was up in arms. Management is terrible. Management is shady. Everything was said. However, they announced this in their Q2 earnings call by stating shares outstanding would increase 92.8 million shares.

Recommended

For informational purposes only — not investment advice.