On the 24th, CNBC reported that according to two senior Treasury officials, there is a possibility that the Treasury will use the General Account (TGA), which has been increased to about $950 billion, as a source of funds for long-term treasury buybacks. This month, the Treasury announced that it would more than double the scale of long-term treasury buybacks, and the use of the TGA is being considered as a new option to secure funding for these buybacks.
The TGA serves as the daily cash management account for the U.S. government, held within the Federal Reserve System, and includes tax revenues among other sources...