Very well argumented and i agree with you that demand for t-bill at the moment is coming from the banks.
But excuse if my question is naive or pig -headed ,but is this fund really inverse to bond prices ,last few days i have seen 30-y treasuries price coming down (yields up) and this fund has been performing in red...is the current 14.10 a price or the bond yield then..if it is the price then i dont see how this bond fund can move inversely to current bonds,therefore i see no protection against the inflationary environment that the concensus street has about the future.I also dont really understood why are you timing such scenario in the next 12 months.

Thks i really appreciate your further comments.