Treasury Plans $103 Billion Debt Sale

The Treasury Department plans to borrow over a trillion dollars this quarter, leading to increased auction sizes. The market reacted with a sell-off in the 30-year bond. Upcoming auctions will refund maturing securities and raise new cash. The Treasury is also progressing on a buyback program for 2024. Future auction sizes will depend on economic performance and tax receipts.

What significant progress has the Treasury made regarding its buyback program?

What is the target amount the Treasury aims to rebuild its general account to by the end of September?