Tickerguy updates his graph of Bernanke’s Quantitative Easing progress through the 10yr Treasury Note:

TNX

What does this mean?  For one, higher mortgage rates.  With housing bubble prices already deflating, higher borrowing costs are only going to contribute more downward pressure.  (Good luck to anyone insane enough to still hold an ARM.)

Related posts:

  1. Ben’s QE Progress Report
  2. Today’s Report on Monetary Policy summary
  3. Ben Bernanke and Jamie Dimon want more government involvement in markets
  4. Ron Paul grills Ben Bernanke during joint economic hearing this morning
  5. Inflation!? All right!!

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