10 Year Treasuries trading as if the whole QE thing never happened. Courtesy of visible and invisible hands which have made holders dump their bonds and chase after an insane market.
Totally unconflicted commentary from Paul McCulley of Pimco "The data is indicating we are in the bottoming process. The rate of decline is slowing." Took the words right out of Grasso's mouth.
Time for QE 2.0? Why not - the Treasury and the Fed are not know for getting things right the first time around... or fifth...
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