Looking at the Tresuries held by the fed, according to maturity. The short term bills, the bottom green line, starts rising as Treasury dumps Obamacare bills on the short term debt market. The red line is the one to five years, and it suddenly jumps as Treasury keeps filling the short end with debt. The Fed, Treasury and GS all colluding to get the Obamacare bills paid up, and the one year debt rate has jumped anyway, now at .35; it was .12 at the start of the episode in 2014.
It's is all about Obamacare, and the fear is that Obamacare is seriously unstable.
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