The long bond dives a full point immediately following the FOMC minutes, the yield now +4 bps to...

|By:, SA News Editor

The long bond dives a full point immediately following the FOMC minutes, the yield now +4 bps to 3.36%. On the short end, Fed Funds have barely budged, still pricing in one 25 bp tightening between now and the end of 2013. "As you watch stocks and bonds drop, prepared for what the world will be like without guaranteed QE," tweets one trader.