Supply and demand fundamentals are in fact playing a big role. Hear me out. Fed pumps money into the system (Liquidity supply = the Fed). Treasury issues debt (Liquidity demand = Treasury). If the treasury issues debt, someone has to buy it. When there’s too much debt and not enough buyers, the Fed will step up their pace. In this case, it will be a dramatic escalation, and it won’t end well.
TREASURY ANNOUNCES MARKETABLE BORROWING ESTIMATES | U.S. Department of the Treasury
https://home.treasury.gov/news/press-releases/sm997
We Are All Government-Sponsored Enterprises Now | Guggenheim Investments
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https://www.zerohedge.com/s3/files/inline-images/CB%20GS%20future.jpg?itok=yxA_FPPb
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https://www.zerohedge.com/s3/files/inline-images/US%20float.jpg?itok=Ruc8-7la
https://ticdata.treasury.gov/Publish/mfh.txt
https://ticdata.treasury.gov/Publish/mfh.txt
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https://www.zerohedge.com/s3/files/inline-images/bfmC811.jpg?itok=iLUkOq2A
An $8 Trillion Spree Sets Clock Ticking for Bonds’ Judgment Day – Bloomberg
Commentaries by Date
http://www.shadowstats.com/commentaries
TOTAL CATASTROPHE OF THE CURRENCY SYSTEM | Matterhorn – GoldSwitzerland
https://goldswitzerland.com/total-catastrophe-of-the-currency-system/