Bernanke buys bonds by the bucket
Treasury yields dropped to record lows after Fed chair Ben Bernanke announced in November that it would buy an additional $600-billion in US debt to goose the economy. The 10-year note fell to 2.53 percent, two-year notes yielded 0.31 percent. Treasury Inflation-Protected Securities actually sold at a negative yield, as bond buyers worried about Euro-debts and deflation. Nobody will admit they liked QE2, but (almost) everyone hopes it works.