'Twist' Sends Ultra Investors Shouting With 30Y Treasury Yield Back To Jan 2009 Lows

This week alone, longer-dated Treasury yields have dropped 15bps, as 30Y Treasury yields reach 2011 lows and all the way back to January 2009 levels. One can only hope that Bernanke doesn't disappoint...

It is also perhaps worth noting that the spread between 30Y MTG rates and 10Y TSY at 120bps is its highest since April 2009 - so those expecting mortgage rates to plummet and a wave of refi/new purchases may just be disappointed.

Chart: Bloomberg