Bonds have taken a beating over the last couple of years. The general idea is that rates have peaked. The question in 2024 is whether inflation has peaked or we are in for more pain. If inflation has peaked and the Fed does start to decrease rates, long-term bonds with higher modified duration will perform well. The Santa Clause rally in the stock market seemed to price in five or six rate cuts next year, denoting that the economy is falling off a cliff. Were too many rate cuts priced in, and what will happen if the cuts do not come to fruition? (please refer to the WSJ article" Wall Street Doubles Down on Bonds" attached below and watch the video https://www.wsj.com/video/series/dion-rabouin/my-bonds-music-video-why-treasury-bonds-are-so-attractive-now/ADC415FC-1004-4B1A-8FF2-E3AC8671E565Links to an external site.). So, if demand for Treasury Bills decreases due to their falling rates, how could that affect our deficit spending and government funding? What is the likelihood that we realize the "Goldilocks" scenario? Please explain