Financial Strategy and Monetary Policy - Treasury Secretary Scott Bessent could utilize the Treasury's nearly $1 trillion General Account to fund bond buybacks [1]

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 ...

MACRO: The U.S. Treasury is considering using funds from its $950B Treasury General Account to finance larger buybacks of long-dated debt, as 30-year yields hit near two-decade highs, per CNBC. https://t.co/Q56zv8rJuO ...

JUST IN: 🇺🇸 Treasury Secretary Scott Bessent may use nearly $1 trillion from the Treasury General Account to fund expanded government bond buybacks https://t.co/9qnhFqd6Fg ...

U.S. Treasury Considers Using $950B TGA to Support Larger Long-Term Bond BuybacksAccording to CNBC, citing two senior Treasury officials, the U.S. Treasury is considering using funds from its roughly $950 billion Treasury General Account to help finance larger buybacks of long-dated government debt. Treasury recently doubled the size of individual buybacks of off-the-run 10- to 30-year securities from $2 billion to at least $4 billion, while Treasury Secretary Scott Bessent said the operations could be even ...