US Treasury Considers Tapping $1 Trillion Account for Bond Buybacks
The U.S. Treasury is reportedly considering utilizing nearly $1 trillion from its General Account to fund bond buybacks. This potential move aims to manage the nation's debt and could have significant implications for financial markets.
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We Haven’t Bought a Single Bond Yet, Bessent Says
US Treasury Secretary Scott Bessent did not give any more hints about how his department might fund buybacks of higher-yielding older securities. “We haven’t bought a single bond yet,” Bessent said when asked in a press conference Monday about whether he's going to increase the buybacks. (Source: Bloomberg)
Read full article →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.
Read full article →Treasury may tap $1 trillion cash account for bond buybacks
Read full article →U.S. Treasury could pull almost $1T from the general account to fund buybacks - report
Read full article →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
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