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

MBC has learned that the Treasury could use its near $1 trillion general account to help help fund its recently announced plans to increase purchases of government bonds. That's according to senior Treasury officials we've talked to. Using the Treasury general account, the TGA, essentially its rainy day fund, would provide the Treasury with considerable firepower to influence long-term bond yields.The 30-year falling by about 4 and a half basis points at this time in the wake of our report this morning. the ...