[The U.S. Treasury May Utilize Nearly $1 Trillion to Support the Expansion of the Treasury Bond Buyback Program] BlockBeats News, August 24: A senior U.S. Treasury official stated that the U.S. Treasury may utilize nearly $1 trillion from the Treasury General Account (TGA) to provide funding support for the recently announced expansion of the Treasury bond buyback program. Utilizing the TGA account would grant the Treasury a powerful tool to influence long-term bond yields. Last week, the Treasury announced that it would double the buyback scale of long-term, non-newly issued bonds from $2 billion to at least $4 billion, a move that surprised the market. Treasury Secretary Besant noted that the actual operational scale could even exceed this new minimum threshold. However, the Treasury did not specify the source of the buyback funds. Most market participants had previously predicted that the Treasury would raise funds by issuing short-term Treasury bills, and the senior Treasury official did not rule out this option. According to BIT (bit.com) market data, U.S. Treasury bonds continued their upward trend, with the 10-year Treasury yield falling by 4 basis points to 4.70%.