I watched a great interview on Bloomberg's with a former manager of the markets desk at the Fed (Dino Kos) and he said something very appropriate here today. To paraphrase:
He wouldn't be a seller today as the fundamentals are still strong. But, by the same token, he wouldn't buy today until it was clear there's no long term damage to bond rates, consumer confidence, business results etc.
Let's see what happens on Wall St overnight (and after this government shutdown debacle) and maybe look to top-up some more next week.
Chart, page-6062
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