Yardeni: "The Bond Vigilantes Finally Woke Up"

Dec 16, 2010 at 3:33 PM
DailyBail in U.S. Treasuries, bernanke, bernanke, economy, economy, ed yardeni, federal reserve, qe2, quantitative easing, treasury bonds, video

Video - Economist Ed Yardeni - Runs 5 minutes

• "QE2 is like throwing gasoline on a fire that's already burning."

The Treasury market's violent reaction to Bernanke's 60 Minutes appearance is the focus of the discussion.

• Bernanke On 60 Minutes: "We're NOT Printing Money"

---

30-year mortgage jumps to 7-month high

Interest rates on the 30-year fixed-rate mortgage averaged 4.83% for the week ending Dec. 16, up from 4.61% last week. The mortgage averaged 4.94% a year ago.

Fifteen-year fixed-rate mortgages averaged 4.17%, up from 3.96% last week. The mortgage averaged 4.38% a year ago.

Adjustable-rate mortgages also rose, with the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaging 3.77%, up from 3.6% last week. The ARM averaged 4.37% a year ago.

And 1-year Treasury-indexed ARMs averaged 3.35%, up from 3.27% last week. The ARM averaged 4.34% a year ago.

http://www.marketwatch.com/story/30-year-mortgage-jumps-to-7-month-high-2010-12-16

 

 

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).