The Fed "Easing" Doesn't Ease Interest Rates At the Long End of the Curve

Check out the big move in interest rates today.You'll notice there's been no easing at the long end of the curve,since the Fed cut rates.The yields on the 10 Year and 30 Year haven't gone the way the Fed wanted.With the gaining yield of 16 basis points(on the 10 Year notes) and 13 basis points on the 30 Year(in one day),we'd have to say that the long end is pricing in inflation and higher interest rates.Check out this gold chart,gold seems to be just suggesting a drop in the dollar and higher inflation.Notice how the bond futures are down 4 handles since September 10.