The core "money helicopter" trend remains intact: the larger the auction the lower the yield
Monopoly effect. The Fed is grabbing tax share, making us pay for all the crap we bought. We do not want to pay for all that crap, most of the kids never voted for that crap.
Your regulated banks are taxing their own customers without full representation via fiat from the Reserve Board. They have some power to do that, but are starting to exceed that bounds quite a bit. It comes to a head, we get a meeting of the elders.
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