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.)

Post to Twitter

Related posts:

  1. Ben’s QE Progress Report
  2. Today’s Report on Monetary Policy summary
  3. Julian Heicklen’s 2010-01-15 Progress Report
  4. Julian Heicklen’s 2010-01-26 Progress Report
  5. Julian Heicklen’s 2010-02-08 Progress Report

This entry was posted on Wednesday, May 27th, 2009 at 2:50 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.