US Treasury May Utilize Approximately $1 Trillion from TGA Balance to Expand Long-Term US Treasury Repurchase Agreements
According to CNBC, two senior U.S. Treasury officials revealed that the Treasury may tap the Treasury General Account (TGA), which holds a balance nearing $1 trillion, to fund its recently announced expansion of a government bond purchase program. Utilizing the TGA would grant the Treasury greater capacity to influence long-term bond yields.
