More on this: A high TGA balance means the government has drained liquidity from the private sector by issuing debt, but once it starts spending that cash, e.g, salaries, contracts, or benefits, the money flows back into the real economy and adds to overall liquidity. More cash available, lowers funding stress => push investors toward riskier assets. cc: @nickgiva1 since you seem to have difficulty reading what I wrote.(Sina 🗝️⚡ 21st Capital)