I agree doctor
The US Treasury continues trying to auction fresh bills, notes, and bonds at lower yields "because inflation is trending lower."
The stealth (never publicly discussed) hope is to let inflation run a little hot while issuing lower yielding Treasurys... which will help inflate away burgeoning US debt.
Buyers of US Treasurys continue not believing the narrative. Auctions are increasingly ugly (see nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa and others' recent posts).
Federal Reserve intervention coming shortly, I think.
#QE next may be closer than some think.
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