No one was buying treasuries. stagnant. hence, higher rates. why? a lot of talk about the recovery taking hold, giving better yields in other markets? so i read.
QEII doing nothing because it was already priced into the markets months ago on initial rumors?
i personally have no friggin idea where treasury (and mortgage) rates will go in the near future. my feeling is that they will stabilize near current rates or climb a bit higher, testing the recovery, if you will. then the feds will shift to mortgage backed security purchasing, if rates don't pull back a bit....