Treasury Could Fund Bigger Bond Buybacks With Near-$1 Trillion Cash Reserve
TL;DR
Treasury officials say the near-$1 trillion General Account (TGA) could be used to back larger long‑term bond buybacks, potentially influencing yields; the plan would rely on discretionary cash and selling short-term bills, though specifics and market impact remain uncertain amid skepticism about the operation’s effectiveness.
- Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said CNBC
- The Humbling of Scott Bessent The New Yorker
- Treasury Is Buying Its Own Bonds. Where Is The Money Coming From? Forbes
- Mohamed El-Erian says 30-year Treasury yield at 5.27% signals a structural shift that will make America more expensive Yahoo Finance
- Bessent Has No Easy Fix for What’s Really Driving Yields Up Bloomberg.com
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