The iShares 3-7 Year Treasury Bond ETF (IEI), which tracks the performance of U.S. Treasury bonds with maturities between three and seven years, is experiencing a notable uptick, currently priced at $116.54 as of 07:44 on November 4. This represents a modest gain from its last close of $116.12, as investors seek refuge in safer assets amid heightened election uncertainty. The recent shift in polling, particularly in Iowa, has injected volatility into the markets, prompting a reversal of Friday's unexpected rise in Treasury yields. This mean reversion is indicative of a market correction, as traders recalibrate their positions in light of the close electoral race and the upcoming Federal Reserve announcement. The IEI's movement reflects broader market dynamics, where thin liquidity and speculative sentiment, evidenced by the elevated implied volatility in DJT stock options, underscore the prevailing uncertainty. As the 3-year Treasury auction kicks off the monthly refunding process, the yield curve is experiencing temporary flattening, further influencing the ETF's performance.