The U.S. Treasury's TGA has seen a significant 下行 for the first time, and market liquidity is expected to ease.

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BlockBeats news, on November 19, the latest data shows that the U.S. Treasury General Account (TGA) has experienced a significant downtrend for the first time: the Treasury's 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 the reversal in the stock market this month. Due to the combined effects of government shutdown, an increase in the Treasury General Account (TGA), and quantitative tightening (QT), the U.S. Treasury previously absorbed a large amount of capital, leading to a deterioration in cash accessibility within the financial system. Now, the U.S. Treasury is beginning to release funds, which is expected to ease market liquidity conditions. (Wall Street Insight)

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