OKG Research： US Treasury TGA account converted to net inflow, market liquidity may be suppressed

According to OKG Research analysis, Trump confirmed yesterday that the tariffs on Canada and Mexico were only short-term fluctuations and were actually more like bargaining chips. However, the latest data from the US Treasury Department shows that since February 28th, the balance of the Treasury Department's General Account (TGA) has shifted from net outflow to net inflow, indicating that market liquidity is starting to tighten. Data shows that from the high point in February to the end of the month, TGA accounts have had a net outflow of $304.89 billion, with an overall outflow of $233.443 billion last month. If there is no new liquidity support, the market may find it difficult to maintain the current upward trend, and we need to be wary of potential false prosperity that is just talk without practice.