According to Odaily Planet Daily, changes in the leadership of the US Treasury Department may alter the department's attitude towards the cash held at the Federal Reserve. Strategists warn that this move could affect the US bond market.


Institutions such as Bank of America and Wrightson ICAP LLC have indicated that as cash balances decrease, the Treasury may reduce the funds held in the Fed accounts. This would allow the government to issue fewer short-term bonds, potentially saving taxpayer money.
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