Yields Fall on Treasury Decision, OpenAI-Anthropic Revenue Race, Moderna Soars 100% 8/19/26
Squawk on the Street
- Published
- August 19, 2026
- Duration
- 40:57
- Summary source
- description
- Last updated
- Aug 19, 2026
Discusses openai, anthropic, investing.
Summary
One day after the 30-year yield hit fresh 2007 highs — and stocks extended their daily losing streak to three — Carl Quintanilla, Jim Cramer and David Faber led off the show with yields falling after the Treasury Department announced it would at least double the size of its government debt repurchases. The anchors delved into all things AI — from OpenAI r…
Markets snap a 3-day losing streak as Treasury doubles bond buybacks, Moderna soars 92% on melanoma vaccine trial results, and Google issues Marvell warrants tied to a potential $120B revenue opportunity.
Key takeaways
- The U.S. Treasury doubled buyback operations for long-dated Treasuries (10-, 20-, 30-year), providing yield relief and signaling a tactical shift away from short-end issuance—a move analysts interpreted as an implicit market put.
- Moderna and Merck reported positive Phase 3 trial results for a personalized mRNA melanoma vaccine, potentially creating a new drug class and alleviating investor concerns about Merck's Keytruda patent cliff.
- Marvell Technology secured a Google deal representing up to $120 billion in cumulative revenue potential, with Google receiving warrants for ~59 million shares, signaling deepening hyperscaler-custom silicon partnerships.
Why this matters
Rising long-end Treasury yields are now a primary macro risk variable for equity markets, forcing both government and corporate actors—from the U.S. Treasury to SK Hynix—into defensive capital allocation moves that professionals must monitor alongside traditional earnings signals.
Entities
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Intelligent Report
Yields Fall on Treasury Decision, OpenAI-Anthropic Revenue Race, Moderna Soars 100% 8/19/26
Squawk on the Street
August 19, 2026
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Show notes
One day after the 30-year yield hit fresh 2007 highs — and stocks extended their daily losing streak to three — Carl Quintanilla, Jim Cramer and David Faber led off the show with yields falling after the Treasury Department announced it would at least double the size of its government debt repurchases. The anchors delved into all things AI — from OpenAI reportedly lagging behind Anthropic on revenue growth, to midterm elections being impacted by the backlash against data centers. Moderna shares
Themes
- openai
- anthropic
- investing