$59 billion surge during last week. Treasury aggressively raise cash level. Why? There is answer. Quote from TBAC meeting of 2014: "...the TBAC recommended that Treasury hold a $500 billion cash balance, or 10-days of liquidity, to ensure that all government obligations could be met in the event that Treasury lost market access." https://www.treasury.gov/press-center/press-releases/Pages/jl2687.aspx
$67 bn left to achieve $500 bn target
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