What to know

• The S&P 500 reached a record above 7,800 on August 13 but suffered three consecutive losing days through August 18 amid rising bond yields and oil prices.
• The Treasury Department's announcement of an increased buyback operation for longer-term debt triggered a bond yield decline on August 19.
• The S&P 500 rebounded on August 19 as falling yields provided relief to equity markets after the three-day selloff.

“Stock futures are little changed after S&P 500 sets record above 7,800, heads for winning week”

CNBC · Google News (CNBC) · Aug 12

U.S. Treasury Department Debt market operatorS&P 500 Primary equity index