10yr Treasury Yield Highest Since July 28, 2011 As Jackson Hole Retreat Begins

Confounded Interest ^ | 08/19/2013 | Anthony B. Sanders

[whitedog57]

Global sovereign yields are up across the board this morning.

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And the US Treasury 10 year yield is at its highest point since July 28, 2011 — the is over 2 years.

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Fed Chair Ben Bernanke will not be attending the retreat this year.

The Federal Reserve began buying Treasuries as part of its outright purchase program. Here is a list of long-term bond purchase targets. Clearly, The Fed is hoping to push down the long-end of the curve.

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Has The Fed run out of ammo? I think the answer is yes.

[whitedog57]

But the IRS and DHS have plenty of ammo!