Short-duration Treasury bill issuance attracts bank demand because state workers receiving federal wages deposit funds in banks, and banks need safe assets (bills) to match those liabilities
causalpending
Speaker
Dr. Michael HowellEvidence Quote
“the federal government writing lots of checks...State Workers are depositing money in Banks and the banks want an asset...what better than a treasury bill so the banks are big buyers of these short-term debts”
Source
Global Debt Binge May Force QE + Inflation: Dr. Michael Howell— Mark Mitchell - Mortgage Broker London OntarioCreated: 8/11/2026, 7:48:18 AM
My Notes
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