The bond market keeps the pressure on. The 10 year is down again so far this morning:
So far QE has been a total failure. We are closing in on a 3% 10 year. Mortgage rates should rise pretty sharply this week as a result.
This should be great for housing...NOT!!!
Come on Chicago...KEEP SELLING TREASURIES!!! Put an end to QE! Let's not take this crap anymore!!!