10 year not being dumped? Put it in perspective. From 1960 to 2008 it was 4 percent or higher.
You just stated that the rules were changed and will start reverting back. You tell me what that would mean for yields no matter what the economy is doing? You seem to blame them for initiating this program yet for almost 5 years we have skirted total disaster. It's like complaining that your tax's got lowered, or the Fed raised or lowered their fund rate. that's what they do in order is maintain or guide this economy forward.
Why not complain that the banks didn't really make a profit since the rules changed in their favor. Why not ask why anyone is invested in the banks.
I will say that this move, this fast will either be a top or a breakout. my guess is it will top out below 3 percent. if it goes higher this quick we do have credit problems in the system.
BTW the housing segment was up 44 percent in one year according to the ETF (XHB). You expect no correction? Home builders are still very optimistic. they are the front line for forward looking evidence on the trend. I wouldn't write them off just yet.
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