🚨BREAKING: Bessent to unleash a $1 TRILLION war chest to rescue the US bond market. That is 250X the Treasury’s new $4 billion for a single long-term bond buyback operation. According to CNBC, the Treasury could tap its nearly $1T Treasury General Account to fund expanded bond buybacks. The move could lift bond prices and push long-term yields lower without requiring the Fed to intervene. This comes after Treasury doubled buybacks from $2B to at least $4B per operation. But the relief quickly faded and the 30Y yield returned to around 5.25%, showing that far more support may be needed. Drawing down Treasury cash could also inject major liquidity into markets, potentially benefiting stocks and crypto. The full $1T has not been committed, but it represents the Treasury’s potential firepower. The bond market just learned how big Bessent’s bazooka could be.(Coin Bureau)