🐋 WHALE WATCH: The US Treasury just wrapped up a $2B debt buyback. Don’t sleep on this—this isnt just paying off bills. Its a classic liquidity management move. By taking off the run securities off the books the Treasury is stabilizing market liquidity and optimizing its maturity profile. Bottom line: The government is actively managing its cash flow and borrowing costs. Smart money watches the mechanics not just the headlines.(Whale Factor)