Making a left-side prediction, also a rehearsal. The Treasury Department and the Federal Reserve are likely to take the following two measures to address the anticipated risk of a technical default on short-term U.S. Treasury bills (T-Bills): 1. The Treasury will use cash (TGA account) to pay off maturing Treasury bonds. The current TGA account is relatively well-funded, at 750k million. So, there won’t be an actual default, only a technical one. 2. Coordinated operations with the Federal Reserve (Fed) (liquidity coordination). For example: Temporarily providing market liquidity through repo facilities; The Treasury might communicate with the Fed to delay some auctions or adjust settlement schedules to avoid issuing bonds during periods of tight liquidity. ———— Trading opportunities: 1. At the moment when the Fed conducts reverse repos or the Treasury pays off bonds, there will be a sell-off in gold sentiment-driven funds. That will be a short-term pullback opportunity for gold. Friends looking to invest in gold can seize this chance. 2. The VIX will see a deep pullback, so you can short VIX-related ETFs. 3. Leading tech stocks will bottom out (as a large number of short positions will be closed).