Yawn. Just did a Google search for any/all Fed news and found nothing suggesting they are in “panic mode” and nothing about 2 month bonds. Or being related to “basic”.
I did however find this article stating that positive inflation data has erased the need to speed up tightening.
https://www.google.com/amp/s/www.bl...pickup-eases-pressure-on-fed-for-faster-hikes
2 month T-bill described here
https://www.marketwatch.com/story/t...-month-bill-as-funding-needs-mount-2018-05-02