[The Kobeissi Letter: A New Wave of Liquidity Has Arrived, $78 Billion Injected into TGA in One Week] The Kobeissi Letter stated that a new wave of liquidity has arrived. Last week, the U.S. Treasury General Account (TGA) decreased by $78 billion, marking the largest single-week liquidity injection since June and the fourth-largest weekly decrease this year. When the TGA balance declines, funds flow directly into the financial system, thereby boosting liquidity. In addition, the Federal Reserve plans to purchase approximately $40 billion in Treasury securities through its reserve management purchase program between December 12 and January 14, and will use approximately $14.4 billion in principal payments from mortgage-backed securities (MBS) to purchase Treasury securities during the same period.