Treasury considers TGA funds for bond buybacks

Scott Bessent is evaluating the use of the Treasury General Account to fund bond buyback operations. This move would provide the Treasury with significant capacity to influence long-term yields. The Treasury General Account currently holds nearly $1 trillion in liquidity. Utilizing these funds for buybacks would allow the department to manage debt market volatility and adjust the maturity profile of outstanding government debt. Market participants are monitoring potential announcements regarding the deployment of these funds and the scale of future buyback programs.