As a follow up the 10 year note defending of the 1.8% level and the defending of the 146 by the Fed on the 30 year bond is imminent. I too don't think the fed will allow these levels to be breached either. This is the feds line in the sand.

My point in the last message was look how dangerous the situation is for bonds the dollar and especially the general market conditions if these levels break to the upside.

The big question is if QE heavy is agreed upon is it really that inflationary if the funds have no velocity. If they are used to only patch the sins of the financial markets with no credit creation. Isn't it still negative and destructive to the rest of the world outside of the financial arena? Will it really trickle into the economy or just repair balance sheets?