Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
- watch nowThe Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases of government bonds, according to two senior Treasury officials.
- Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
- The Treasury surprised markets last week with an announcement that it would be doubling the size of buybacks of off-the-run securities on the long end from $2 billion to at least $4 billion.
Unverified
- watch nowThe Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases of government bonds, according to two senior Treasury officials.
- Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
- The Treasury surprised markets last week with an announcement that it would be doubling the size of buybacks of off-the-run securities on the long end from $2 billion to at least $4 billion.
Sources: Cnbc