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NAB Morning Call · Yesterday · 16 min

The Bessent Buyback

Thursday 20th August 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The US has announced plans to buyback a greater volume of longer dated bonds. NAB’s Taylor Nugent says this is a fairly standard operation that has been used to manage liquidity, but this time it’s to be used on a larger scale with the aim of reducing longer dated yields. There has been a swift response, including a sizeable fall in the US dollar. Meanwhile Moderna shares have spiked as their melanoma treatment passes a significant milestone, and Alphabet raised AU$5.5 billion yesterday, in Australia’s biggest ever corporate issuance. With Australian wages and labour market data, plus UK CPI, Phil and Taylor have plenty to talk about. Hosted on Acast. See acast.com/privacy for more information.

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Thursday 20th August 2026


NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB


The US has announced plans to buyback a greater volume of longer dated bonds. NAB’s Taylor Nugent says this is a fairly standard operation that has been used to manage liquidity, but this time it’s to be used on a larger scale with the aim of reducing longer dated yields. There has been a swift response, including a sizeable fall in the US dollar. Meanwhile Moderna shares have spiked as their melanoma treatment passes a significant milestone, and Alphabet raised AU$5.5 billion yesterday, in Australia’s biggest ever corporate issuance. With Australian wages and labour market data, plus UK CPI, Phil and Taylor have plenty to talk about.

Hosted on Acast. See acast.com/privacy for more information.

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