We're Big Buyers of the 10-Year at 5%, BMO's Davis Says

Does it matter to you what significance is it for how this is funded, whether it's through the general account or whether it's through T Bill issuance. Does it matter. No.Is it significant. Not at all. And the reason why is the general account is funded by t bills.That's how they got up to a trillion dollars. It just didn't appear that way. So what is the general account used for. Most recently, it's been used for the government shutdowns.That's what pays the employees, the government, federal employees, wh ...