Yield Curve Study Notes

 [ Loosening money Event -> More inflation soon -> Tight money soon ]

• -> [ at the Short-end : 
• { pre-Event coupons } are marginally Larger than { New treasury coupons }, so
• { Buy pre-Event debt }, thereby
• lowering yields to match Event ]
• -> [ at the Long-end : 
• { pre-Event coupons } are marginally Smaller than { Expected future treasury coupons }, so 
• { Sell pre-Event debt }, thereby
• raising yields to match Expectations for the future ]

... study notes, on end-2024 bond markets.

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Further notes :

Trying to understand how the Fed's RRP balance and the yield curve interact, via the Fed's choice between selling bonds, notes, and bills.