What is unprecendented right now is the yield on the 10 year treasury. People must be really thinking that this is gonna be a whopper of a recession to push the bond market like this.
I would be curious to hear what some of the bond market experts think of this run. I mean it is crazy.
Equalizer I am not so sure that the rally on the bond market is a result of the FED actions. Even when the fed was at its loosest back in the 2002 recession the 10 year treasury never came down to these levels.
Not sure how much this will push down mortgage rates but it will. That will not hurt the housing market.
