Morgans AM - Thursday, 20 August 2026

• US equity markets logged modest gains, snapping a three-session losing streak as bond yields retreated from multi-year peaks following the Treasury Department’s announcement of an increased buyback operation for longer-term debt – Dow rose +120-points or +0.22%, paring an earlier rally of as much as +360-points. Salesforce Inc rallied +5.07% and biopharmaceutical major Amgen Inc +4.02%, while…