Treasury Could Tap $950 Billion Cash Pile for Bond Buybacks

Treasury officials say Scott Bessent could use the roughly $950 billion Treasury General Account to help fund expanded purchases of long-dated government bonds, according to CNBC.
The move could give Treasury significantly more firepower to influence long-term yields, after markets questioned whether the recently doubled buyback program was large enough to matter.
Treasury has already raised minimum long-end buybacks from $2 billion to $4 billion per operation, with the first scheduled for September 9.