It will be interesting to see how (and how quickly) Treasury yields rise when they ultimately do. I suspect that the longer the Fed keeps up T-bill purchases, t

It will be interesting to see how (and how quickly) Treasury yields rise when they ultimately do. I suspect that the longer the Fed keeps up T-bill purchases, the more violent will be either the collapse of bond prices when they finally pull out or the greater the rate of inflation when they don't pull out early enough.