Low 10-year is the best cure we have for the housing recession. Everything is possible but it’s common sense for the Fed to try to keep it low.
There are two components of low 10-year: low inflation expectations and depressed stock market.
If you think 3.78 is seriously low, consider that 90’s Japan started higher than we did and they ended up with 10-year treasury rates in 1-2% for a decade.
