Someone needing liquidity? Yeah, the Treasury needs its debt funded, all the VC's need their IPO's bought, there is just a lot of supply right now. That they co

Someone needing liquidity? Yeah, the Treasury needs its debt funded, all the VC's need their IPO's bought, there is just a lot of supply right now. That they converged in the overnight market on one particular day might be a coincidence, but the structural issue is the very large funding needs in the economy at a time when foreign buyers are turned away due to protectionism.