[Significant Decline in U.S. Treasury TGA for the First Time, Market Liquidity Expected to Improve] BlockBeats News, November 19: Latest data shows that the U.S. Treasury's cash balance account (TGA) has experienced a significant decline for the first time. Treasury cash decreased by $34 billion, from $959 billion to $925 billion. JPMorgan traders believe that pressure in the repo market is the main reason for this month's stock market reversal. Due to the combined effects of the government shutdown, the increase in the Treasury General Account (TGA), and quantitative tightening (QT), the U.S. Treasury had previously absorbed a large amount of capital, leading to a deterioration in cash accessibility within the financial system. Now, the U.S. Treasury has begun releasing funds, and the market liquidity situation is expected to improve. (Wall Street Insights)