On April 26, BitMEX co-founder Arthur Hayes posted on social media that with the U.S. Treasury Department's expected tax revenue to add about $200 billion to the Treasury General Account (TGA), U.S. Treasury Secretary Janet Yellen is likely to inject a large amount of liquidity into the market when announcing the second quarter 2024 treasury bond issuance plan next week. Hayes proposed three possible options: First, stop issuing treasury bonds and reduce TGA to zero, which would inject $1 trillion in liquidity into the market; Second, transfer more borrowing to short-term treasury bills, thereby withdrawing $400 billion from overnight reverse repurchase agreements (RRP) and injecting liquidity into the market; Thirdly, combine both methods by not issuing long-term bonds but only short-term treasury bills while consuming both TGA and RRP which would inject $1.4 trillion in liquidity into the market.