The federal funds rate has never gone up this high and this steep before in history. the worse the conditions become apparent the faster they cut rates. with delayed effects of high funds rate just now showing themselves and markets/ credit contracting. Bonds are due for a guaranteed high rise that can be exited as soon as funds rate hits back to zero. I know nothing is guaranteed, but i feel this is the easiest risk adjusted return of the decade. tmf is 3x leveraged etf.