Free daily briefing on global business news.
Two senior Treasury officials told CNBC the General Account is a potential funding source, sending 10- and 30-year yields lower on Monday
Treasury Secretary Scott Bessent (Buddhika Weerashinghe/Bloomberg via Getty Images).
The U.S. Treasury is weighing whether to use its roughly $1 trillion General Account to help pay for its expanded bond buyback program, according to CNBC, citing two Treasury officials. The officials did not say how much of the account would be used.
Monday's report pushed the 10-year Treasury note yield down 4 basis points to 4.7%. The 30-year yield, which last week reached its highest point since 2007, retreated 4 basis points to 5.23%.
