A bizarre corridor

The Fed is buying one year treasuries and raising the IOER rate.  Why has no one said, the Fed is lowering one rate and raising another?

What is flowing from the one year loans to the IOER savings? Net it out, it comes to the expenses of one large bank in the debt cartel.  A valid monetary standard, in my opinion, and a valuable monetary standard when your government is broke and finance needs to estimate the cost of a fake market.

Just making sure the bankruptcy fees are paid as we unwind many spending obligations.