Habanero on Nostr: Soo... the arbitrage is what brings "buyers" to the market to then buy the shitty ...

Soo... the arbitrage is what brings "buyers" to the market to then buy the shitty T-bills noone wants, to later sell them to the Fed. If the SEC does this, and the Fed doesn't directly monetize the new T-bill issuance the Treasury will have a failed auction!?!? Are they trying to lock up the T-bill market?