---
title: Dow plunges 700 points as surging Treasury yields, Walmart
description: "Treasuries (close 2026-08-19): 2s 4.19% (+0.0bp), 10s 4.65% (-6.0bp), 30s 5.19% (-9.0bp). Tape (close 2026-08-19): VIX 14.89, 2s10s +46bp."
source: Helious
canonical: "https://helious.io/news/brief-2026-08-20/dow-plunges-700-points-as-surging-treasury-yields-walmart"
---

DAILY BRIEF
              20 Aug 2026, 21:05 UTC



# Dow plunges 700 points as surging Treasury yields, Walmart sales shock, 10s -6bp · desk brief, Thu 20 Aug 2026



            Treasuries (close 2026-08-19): 2s 4.19% (+0.0bp), 10s 4.65% (-6.0bp), 30s 5.19% (-9.0bp).

Tape (close 2026-08-19): VIX 14.89, 2s10s +46bp.

Narrative: Rick Scott: Trump will have to resume full war with Iran

What mattered:

• Dow plunges 700 points as surging Treasury yields, Walmart sales shock Wall Street

• Scott Bessent Steadied the Bond Market — President Trump’s Iran Threat Wiped It Out in Less Than a Day

• US long-term bonds slide as Bessent intervention fails to soothe investors

• U.S. Treasuries rebound higher across the curve after liquidity support expansion

• RBI’s Hawkish Minutes Rattle Bonds, Put Rate Hikes in Play






            Copy link
            [Follow this live on the Helious desk →](https://helious.io/)