U.S. Treasury TGA sees significant decline for the first time, market liquidity expected to improve
ChainCatcher News, the latest data shows that the US Treasury General Account (TGA) has experienced a significant decline for the first time: Treasury cash decreased by $34 billion from $959 billion to $925 billion.
JPMorgan traders believe that pressure in the repo market is the main reason for this month's stock market reversal. Due to the combined effects of a government shutdown, an increase in the Treasury General Account (TGA), and quantitative tightening (QT), the US Treasury previously absorbed a large amount of capital, resulting in deteriorated cash accessibility within the financial system.
Now, as the US Treasury begins to release funds, market liquidity conditions are expected to improve. (Wallstreetcn)
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