Nope.
Not arguable.
Once again, the Fed sets short term rates, including overnight rates that banks pay if they dont have enough reserves and have to borrow overnight from the Fed.
Those are the ONLY rates set by the Fed. The rest are set by the market.
Nope.
Not arguable.
...
You don’t want it to be arguable because you are wrong.
The government does auction short term debt. You’re wrongly claiming that the funds rate is the only short term rate.
That’s why I invited you to be more specific, but you let your feelings get hurt instead.
I think you will find this article informative:
Treasury bills are more predictably influenced by the fed funds rate than notes and bonds because Treasury bills and the fed funds rate are competing investments in the money market. The money market is the market for high-quality, short-term debt instruments. Just as individuals put uninvested cash into money market mutual funds, where they can earn interest without putting principal at risk, institutional investors for the same purpose invest directly in the money markets by buying instruments like fed funds and Treasury bills. As investments, fed funds and Treasury bills generally offer comparable yields.
https://www.thestreet.com/story/1156889/1/how-does-the-fed-funds-rate-affect-treasury-bills.html