At the moment, it seems like the U.S. Treasury has decided to step in and take over, using its own cash to buy back U.S. Treasuries from the market, confirming Nomura's earlier prediction. The U.S. Treasury is reportedly considering using the nearly $1 trillion government checking account, TGA, to fund the expansion of its Treasury buyback program, essentially injecting cash back into the financial system. This news has also sparked reactions in gold and Bitcoin.