Treasury may tap $1 trillion cash account for bond buybacks

The U.S. Treasury Department is evaluating whether to deploy funds from its General Account, which holds approximately $1 trillion, to support its expanded bond buyback initiative, according to reporting from Treasury officials. The specific amount that could be withdrawn from the account was not disclosed by the officials.
Following the announcement of this potential funding approach, the 10-year Treasury note yield declined 4 basis points to 4.7%, while the 30-year yield retreated 4 basis poi