Treasurys extend a big 2-day rally following the FOMC minutes, the 10-year yield off 8 basis...

|By:, SA News Editor

Treasurys extend a big 2-day rally following the FOMC minutes, the 10-year yield off 8 basis points to 1.71% (after nearing 1.9% yesterday). If the Fed is truly going to launch QE3, bond bulls (and bears) should take note because past QE episodes have sent Treasury prices lower.