BILS - Fed Repo Desk Gone Haywire: Taper Coming

May, 30 2021 02:12 PM SPDR Bloomberg Barclays 3-12 Month T-Bill

The Fed has not changed its messaging since the pandemic hit.
But the GDP is at 10%, and inflation's latest data annualized is also at 10%. Uh, you think it's time for a change?
The repo market may force the Fed's hand. The Fed has lost control with the huge demand to borrow from it at zero percent and put the money in risk assets.
Offsetting its $100B monthly purchases, the Fed just sold $500B in the last 2 weeks because of this whacked-out repo desk.
This was a prelude to the 2018 tightening.

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Company Name:	SPDR Bloomberg Barclays 3-12 Month T-Bill
Stock Symbol:	BILS
Market:	NYSE