Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said

Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.

Treasury may tap $1 trillion cash account for bond buybacks

U.S. Treasury could pull almost $1T from the general account to fund buybacks - report

Gold Jumps, Curve Flattens On Report Treasury To Tap Trillion-Dollar TGA To Fund Bond Buybacks

Gold Jumps, Curve Flattens On Report Treasury To Tap Trillion-Dollar TGA To Fund Bond Buybacks Having seen yields rebound from their initial decline following the upping of Treasury (long-end) buybacks to 'at least $4BN' per operation (and increased its total planned operations), Treasury Secretary Scott Bessent jawboned late last week about his 'bigger toolkit' and 'asymmetric information' in an attempt to further strengthen the 'Treasury Put'. Unfortunately for him, the market...

By Tyler Durden