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Quoting · 24 Aug 2026, 11:37 UTC · context given to the AI

TREASURY COULD TAP $950B CASH PILE FOR BOND BUYBACKS Treasury officials say Scott Bessent could use the roughly $950B Treasury General Account to help fund expanded purchases of long-dated government bonds. That 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 $2B to $4B per operation, with the first scheduled for Sept. 9. Source: CNBC