No. of Recommendations: 3

Not really interested in "why" markets completely reversed. I assume short sellers covering in a panic or the usual.

But it really does raise doubts about the "certainty" that intermediate and long rates will go down along with Fed cuts and a swooping economy. There is a complex supply and demand with more government borrowing.

I still think I'll rollover an existing CD near end of month to Pen Fed. But I'll be curious what Pen Fed does come Feb 1, and I'm glad I'm not in any bond funds.
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