CNBC August 24, 2026 • 11:34

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

By Steve Liesman

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

Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.

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… [+4322 chars]

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