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Why the U.S. Treasury moved to lower long-term bond yields

NPR | By Leila Fadel

Published August 20, 2026 at 3:45 AM CDT

NPR's Leila Fadel speaks with Bloomberg's Stacey Vanek Smith about why the U.S. Treasury acted to push down long-term bond yields and how that relates to the ballooning U.S. debt.

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Morning Edition

Leila Fadel

Leila Fadel is a host of Morning Edition, as well as NPR's morning news podcast Up First.

See stories by Leila Fadel

Morning news brief

Sacha Pfeiffer, Leila Fadel

Gulf countries react to protracted Iran war, U.S. debt tops $40 trillion, U.S. oil companies sign first deals with Venezuela.
'The Magic Faraway Tree,' a beloved book, comes to the big screen

Sacha Pfeiffer

NPR's Sacha Pfeiffers speaks with actor Andrew Garfield about "The Magic Faraway Tree," a film based on a beloved children's book franchise in the U.K.
The Navajo Nation wants to expand a coal mine. The plan could displace some families

Gabriel Pietrorazio

Coal mining has been a big part of the Navajo Nation's economy for decades. As mines and power plants have been closing, the tribe is trying to expand one of its largest mines.
Harry and Meghan returning to the U.K., reports say

Lauren Frayer, Sacha Pfeiffer

An official familiar with their plans tells NPR that Harry and Meghan, the Duke and Duchess of Sussex, are planning to move back to the United Kingdom and have enrolled their children in schools there this fall.
Tech billionaires push back against proposed wealth tax in California

Bobby Allyn

Tech billionaires in California are fighting a proposed one-time wealth tax. A Google co-founder is leading the charge against the tax, which would generate revenue for health-care services.