Govvies getting whacked as QE2 becomes QE2 lite. You know the market is on shaky ground when everyone is relying on the Fed to support their positions. Since QE2 lite rumors started surfacing, this is what we have seen:
Ouch.
The 10 year:
Oh boy, look out below!
How about the curve:
Belly gets whacked going through auctions.
Get shorty:
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