Banks have been stuffed with treasuries because the government has pumped out a lot after the pandemic, and the Fed has bought them ($5 or 6t on its balance sheet). It's selling those to the banking system because it wants to unwind its balance sheet.
Treasuries are considered 'zero risk.'
These are subject to big moves when Fed changes rates. Huge amounts move around, and everyone can see this on their phone.
Government is sort of insuring that these treasuries, which are now worth 60 or 70 cents, are still worth a dollar.
Our solutions are the problem. Short term steps. The myth of fiscal and monetary levers, when we're never willing to restrain during good times. We only splurge during bad times.
Possibly moving toward a blue collar economy. Stimulus is there, onshoring, plant building, engineering and construction with the government behind it.