 I mean, I think in theory they can. I agree. As you know, the Treasury Borrowing Advisory Committee recommends that T-bills comprise between 15 and 20 percent of total U.S. debt. Right now, the Treasury is issuing T-bills significantly above that recommended range. Some people, including myself, believe that this is being done to artificially stimulate markets in the run-up to the election. Tennessee Republican Bill Hagerty testifying Fed Chair Jerome Powell.