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Matt Waters
mwwaters.bsky.social
did:plc:oftrldf3htte47tycfy5hkrh
I think the author or Bessent is just being loose with bills vs notes vs bonds. They meant bills when they said bonds.
Bills have a rate floor of the RRP rate up until the SOMA account runs out of repo-able securities.
2025-08-20T13:27:24.708Z