Illya Gerasymchuk
Entrepreneur / Engineer
once Fed cuts interest rates, more borrowing will occur, thus expanding broad money it will also lower T-bill yields short-term, as the prices are bid up due to a lower risk-free rate
a lot of these US treasury purchases will be financed with short-term rolling debt (e.g. repo) the treasury themselves will be used as collateral to borrow cash, many times over via rehypothecation