We have rallied over 5 full points off the lows in the 30 Yr, so this is already a significant rally, will it stick?
I think it will if history is any guide. Alot of people in here think it will be different this time in many asset classes, so if they are right, it will not hold. I bet with history, and at times I am wrong, but my odds are good.
This rally takes the Fed off the hook if it sticks. Rates are already lower over the last 2 months, and they have not had to do anything. This is what is referred to as the PPT ( Plunge Protections Team ) at work. Remember, the Fed does not control the rates that banks extend to consumers.
