Plumbing

As of 2026-04-30

Liquidity Pulse

$6.01T

+$18.4B WoW

−$42.1B MoM

Fed BS − TGA − RRP. Up week-on-week, down month-on-month: TGA build is the marginal weight.

Fed balance sheet

$7.12T

Treasury General Account

$685B

Reverse Repo

$425B

Issuance & refunding

2026-04-29Refunding announcementTreasury raises 10y/30y auction sizes by $2B each
2026-04-25TIPS5y TIPS reopening, $20B
2026-04-23Bills4-week bill auction, $80B; bid-to-cover 2.91
2026-04-18Notes7y note auction, $44B; tail 0.4 bps