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

Treasury Secretary Russell Bessent could use the Treasury General Account, which holds approximately $1 trillion, to fund government bond buybacks, according to reporting by Reuters and Bloomberg. The TGA is the federal government's main operating account at the Federal Reserve. Bond buybacks would reduce the amount of outstanding government debt held by the public. The strategy could affect long-term bond yields in financial markets.

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