Treasury Department Aggressively Pushes Down Long-Term Interest Rates via Shift to T-bill Issuance and Bond Buybacks

The US Treasury Department has been doing two major things to aggressively push down long-term yields on US government debt, and thereby long-term interest rates in the economy, such as for corporate bonds and mortgages: Shifting a larger portion of issuance of new debt to short-term Treasury bills, instead of longer-term notes and bonds...