Wednesday, September 21, 2011

Wake Me Up When the 30 Yr is at 2.60%

With operation twist, the long bond is up about 3 points today, sending the yield to 3.04%.  While that sounds extreme, the 30 year has been at 2.6% as recently as 2008.  The 10 year at 1.87% is well below it's financial crisis low.

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