10Y Treasury Under 1.6% - Record Low Yields Continue

With 10Y rates under 1.6%, new record low yields, we suspect Bernanke's 'keep rates low to help housing via QE' argument is going to be a tough one. Perhaps its just 'print money to save the world for 3 more months' honesty will just have to come out...

and 30Y rates are dropping rapidly back to the plunge lows of Dec 2008...

Chart: Bloomberg