US Treasury considers using $950B cash reserves for bond buybacks

US Treasury bond buybacks Treasury General Account Scott Bessent government debt

The US Treasury is considering using its Treasury General Account (TGA) to fund an expanded program of long-term bond buybacks. The TGA, which serves as the government’s primary cash account at the Federal Reserve, currently holds approximately $950 billion.

Treasury Secretary Scott Bessent recently announced plans to at least double the volume of liquidity-support buyback operations. This includes raising the cap per transaction from $2 billion to a minimum of $4 billion. The program is intended to target securities with maturities between 10 and 30 years to improve market liquidity and address high yields.

While market participants initially expected the Treasury to fund these purchases by issuing more short-term bills—a strategy Bessent referred to as a ‘Treasury Twist’—officials indicated that tapping the TGA is a viable alternative. Using the TGA would allow the Treasury to influence long-term yields without the immediate need for new debt issuance, as the funds are already available from tax collections.

Entities

Federal Reserve · Scott Bessent · Treasury General Account · US Treasury · US Treasury Department

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] The Treasury General Account currently holds approximately $950 billion. www.murcianoticias.es · nemosnewsnetwork.com · cryptobriefing.com · investinglive.com
[○ 1 SOURCE] The buyback program targets securities with maturities between 10 and 30 years. cryptobriefing.com
[● 2 SOURCES] The US Treasury could use its Treasury General Account (TGA) to fund bond buybacks. nemosnewsnetwork.com · investinglive.com
[○ 1 SOURCE] The buyback operations are scheduled to run from September 9 through November 4. cryptobriefing.com
[○ 1 SOURCE] US public debt exceeded $40 trillion in mid-August 2026. cryptobriefing.com
[● 2 SOURCES] The maximum amount per buyback operation will increase from $2 billion to at least $4 billion. www.murcianoticias.es · cryptobriefing.com
[● 2 SOURCES] The Treasury will increase the volume of long-term bond buyback operations by at least double. www.murcianoticias.es · cryptobriefing.com
[○ 1 SOURCE] The operation is referred to as a ‘Treasury Twist’, involving long-term bond purchases funded by short-term issuance. nemosnewsnetwork.com

Sources

EEUU usará reservas en efectivo para recomprar [www.murcianoticias.es]

about 2 hours ago

Gold Jumps, Curve Flattens On Report Treasury To Tap Trillion-Dollar TGA To Fund Bond Buybacks [nemosnewsnetwork.com]

about 4 hours ago

Bessent evaluates Treasury cash for debt buybacks, CNBC reports [cryptobriefing.com]

about 1 hour ago

US Treasury could tap the nearly $1 trillion TGA to fund bond buybacks [investinglive.com]

about 4 hours ago