[palmer]

from http://www.latimes.com/sns-ap-us-credit-markets,0,4267873.story

a profit of 71 cents on $106 which works out to .66 percent. Not much, but not bad for a day's "work".

[Toddsterpatriot]

That's the 10 year, I thought we were discussing the 2 year?

You know, the one that is only being purchased because the Fed is going to buy them as the "ultimate greatest fool of all time"

Just to help you out, again, the last 2 year sale was August 2nd. With a coupon of 0.625%, it was priced at $99.92. When you buy them, what price are you hoping to sell them for?

You never did explain your leverage remark.