From CNBC, August 24:
Treasury yields were lower on Monday after CNBC reported, citing two Treasury officials, that the department could use its $1 trillion General Account to fund its plans to ramp up government bond purchases.
The 10-year Treasury note yield was last down 4 basis points at 4.7%. The 30-year yield, which last week hit levels not seen since 2007, lost 4 basis points to trade at 5.23%.
One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.
The officials did not say how much of the the TGA would be used, however....
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