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

On August 24, 2026, CNBC reported that Treasury Secretary Janet Yellen could use the Treasury General Account (TGA) to finance bond buybacks. The TGA holds approximately $1 trillion in Treasury balances. Using the account would allow the Treasury to purchase Treasury securities, thereby affecting long‑term bond yields. The strategy would provide the Treasury with a tool to influence market expectations and yield curves. The move would be executed through the Treasury's accounting framework. The decision would be subject to congressional oversight and policy review. The Treasury would coordinate with the Federal Reserve to monitor market reactions and adjust in policy.

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