“The central bank has purchased over $4.5 trillion worth of those assets since the pandemic tanked the economy in March of 2020. According to the minutes, the Fed will start getting rid of those bonds to the tune of $95 billion a month.”
They are now “rigging” yields higher, how does that support your explanation for yields right now? (hint - it doesn’t)
Get back to me in a few months. At a time of international turmoil a short-term U.S. Treasury bond would be seen as a “safe haven” for institutional investors.