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

Key Points The Treasury could use its General Account to help fund purchases of government bonds, according to two senior Treasury officials. Treasury Secretary Scott Bessent has built up the TGA to around $950 billion currently. The Treasury surprised markets last week by doubling the size of bond buybacks, but the impact on yields was short-lived because of skepticism over the firepower available to Bessent. ================================================================= The 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...