Perhaps the long (10yr) Tbill investors haven't noticed but the very short term Tbill (<2yrs) don't look to be buying Yellen's attempt at market pacification.
Should the two year rise above 2.75% it would be hard to ignore a CFD short direct or EFT opportunity
I think that as QE unwinds so to will short term bonds drop in proportion. The last three months of the year will prove to be very interesting unless you hold US government bonds. Even worse if you hold junk bonds.
