The US Department of the Treasury plans to raise the TGA balance to around $1 trillion.
BlockBeats News, June 8th, the U.S. Treasury Department plans to increase the Treasury General Account (TGA) balance to around $900 billion by the end of June and around $1 trillion by the end of July. Analysts believe that supplementing the TGA will drain liquidity from the financial system, while the current U.S. Reverse Repurchase Agreement (RRP) balance has dropped from a 2022 peak of over $2.5 trillion to less than $100 billion, potentially leading to future issuance of debt or further depletion of bank reserves, putting pressure on risk assets such as Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VIX soars to 18, options volume doubles: traders bet "AI risks are scarier than Fed rate hikes"
US equities options traders believe that debates over the pace of AI development pose a greater disruptive risk than Federal Reserve rate hikes. The volume of VIX options has doubled, with funds aggressively hedging against the risk of sharp fluctuations in technology stocks.
GLJ gives GE Vernova (GEV.US) a "Sell" rating: $470 target price is the lowest on Wall Street, bluntly stating that "cyclical industrial stocks are being priced like software stocks"
GLJ Research has given GE Vernova a "sell" rating and set the lowest target price on Wall Street at $470, stating that the company is "a cyclical gas turbine manufacturer priced like a long-term compound growth stock."
Data: US XRP spot ETF saw a net inflow of 11.255 million USD in a single day
Delta Thailand returns to FTSE4Good ESG index for eighth time
Crypto prices
More
