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Logan Mohtashami says

Some will refinance but it won't spur housing purchase demand

Because of silly and tight requirements.
You cannot get an economic recovery without a housing recovery. Loosen up the requirements to get housing moving again or I'm moving to Australia.

Stupid question, are the 10yr note and a 10 treasury bond related?

indigenous says

Stupid question, are the 10yr note and a 10 treasury bond related?

Different Name, same thing methinks.

Strategist says

Because of silly and tight requirements.

There is No Tight Lending In America today

Here is my interview with America Banker presenting my case

http://loganmohtashami.com/2014/05/31/interview-with-american-banker-on-tight-lending-myth/

indigenous says

Stupid question, are the 10yr note and a 10 treasury bond related?

Same. 10 year treasury note is the accurate term. More than 10 years is classified as a bond.
http://www.investopedia.com/terms/n/note.asp

Mish was high on the 10yr for 6 months because of continuing lowering of interest.

Another stupid question, you guys are happy with a 2-3% return? Do you leverage this somehow?

justme says

Yeah, talk about misleadiing headline. It was the interest rate that dropped, meaning that 10-year bonds INCREASED in value. Bonds did not "collapse". Duh.

I just assume people are smart enough to know what I am talking about considering what has been going on .

You're right to the novice that might not make sense.

2.13% right now

I can't believe I am going to say this there is a small chance this can close flat now.

Wow!

Logan Mohtashami says

2.13% right now

I can't believe I am going to say this there is a small chance this can close flat now.

Wow!

Now 2.16%
Stocks recovering strongly.

Strategist says

Now 2.16%

Stocks recovering strongly.

Classic reversal right here the PST trade is a ultrashort bond, so it hedges against a move like this.

So, EPIC reversal on the 10 year ...

Good Market action today if you're in to that kind of action!

Logan Mohtashami says

Good Market action today if you're in to that kind of action!

Wall Street traders will be buying a lot of antacids on their way home today.
Some might be due for a heart attack.

Strategist says

Logan Mohtashami says

Some will refinance but it won't spur housing purchase demand

Because of silly and tight requirements.

You cannot get an economic recovery without a housing recovery. Loosen up the requirements to get housing moving again or I'm moving to Australia.

Don't you already own a house? Have an opposite opinion from you, downpayment should be at least 20%, in fact, my feel should be at least 30%. Tight requirements would in the long run, slow down the appreciation.

House supported economy growth is not good. Is essentially growth through leverage and debt. Much prefer growth through increased productivity and entrepreneurship.

So the 10 yr went up despite the best efforts of the Fed?

indigenous says

So the 10 yr went up despite the best efforts of the Fed?

10 year yield action 2014