The 10-year sets sail for 2 percent…

The 10-year closed at 2.46 percent today, a 20-month low,  on the back of weak consumer confidence.  Bond buyers and traders hear the horn of QE2 and anticipate a  [Kentucky] FED take-out at higher prices.

Stocks up,  commodities x/grains up,  bonds up, dollar spanked.  Loose monetary conditions starting to bite.    “John Bull can stand many things, but he cannot stand two zero percent. Stay tuned!

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