GoKawiilTreasury may use $950B cash account to boost bond buybacks, officials say
CNBC reported that the U.S. Treasury Department is considering tapping its roughly $950 billion General Account to help finance its bond buyback program. Senior Treasury officials did not specify how much of that fund would be used but confirmed it remains an option after Secretary Scott Bessent unexpectedly expanded the buyback effort last week. Treasury yields fell following the report.
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Using the General Account would give Bessent's buyback program significantly more financial firepower, addressing investor skepticism about whether Treasury has enough resources to meaningfully move bond markets. The move could influence borrowing costs across the economy by shaping demand for government debt at a time when yields have been volatile.
- Treasury may draw on its $950 billion General Account to fund bond buybacks.
- The plan follows Bessent's surprise expansion of the buyback program last week.
- Treasury yields dropped on the report amid renewed confidence in Treasury's buying power.
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Published there as: “Canada tariffs, Bessent's buyback funding, Scott Kirby's plans for United and more in Morning Squawk”
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