I’m wondering. If Quantitative Easing (fed buying bonds) was to push rates lower, and they backed off (decreased purchases) a few times, then why have rates been falling??
Is the natural market buying them? CNBC always implies the general stock market is scared stiff of the fed stopping Q-E and letting rates rise. But the 10 year yield 2.28% is lower.
Year to date:
http://finance.yahoo.com/echarts?s=%5ETNX+Interactive#%7B%22range%22%3A%22ytd%22%2C%22scale%22%3A%22linear%22%7D
What the hell did Yahoo do to the charting feature??