$BTC
As the Trump administration's massive tax cut and spending bill is officially implemented, to make up for future trillions of dollars in fiscal deficit, the U.S. Treasury may launch a "supply flood" of short-term government bonds.
The market has already begun to react to future supply pressures. Concerns about oversupply of short-term government bonds are directly reflected in prices - the yield of 1-month short-term government bonds has seen a significant increase since last Monday. This marks a complete shift in market focus from earlier concerns about selling 30-year long bonds to the front end of the yield curve.
