 you'll see the short-term end drop first and long-term end drop later so that means that most likely you'll get a nice little bump on the short term and maybe you won't see it on the long term right away so it gives you a chance to sell some of these short-term bonds even at a gain don't wait for them to mature and roll them out a little bit longer but once rates drop more than a little bit you probably want to be more long-term to take advantage of that