As the Austerians Cry "Fire! Fire!" in Noah's Flood

Calculated Risk:

Calculated Risk: Rates keep falling: 2-Year Treasury Yield Hits Record Low: Just a look at falling treasury yields and mortgage rates... From Reuters: US 2-Year Treasury Yield Hits Record Low

The two-year U.S. Treasury note yield fell to a record low of 0.403 percent on Monday ... the 30-year T-bond rose almost a full point in price to yield 3.676 percent, down 4 bps.

The 10-year yield is down to 2.49% and, according to Freddie Mac (for the week ending Sept 30th): "The 30-year fixed-rate mortgage rate [4.32 percent] dropped to tie the survey’s all-time low and the 15-year fixed-rate [3.75 percent] set another record low." And mortgage rates have probably fallen further over the last week.

Can Ben Bernanke be impeached?