Treasurys continue to get punished by the Fed, the 10-year note yield up 11 basis points to...

|By:, SA News Editor

Treasurys continue to get punished by the Fed, the 10-year note yield up 11 basis points to 1.83%. So much for Operation Twist - of which the stated goal is to lower long-term rates. Those who believe in the omniscience of the Fed will point to rising long-term rates as proving the QE announcement is already working. The FOMC should have done this months ago!