The A2/P2 Spread hit 586 bp as of Friday.
The current yield is at 2.72%. It is the lowest yield in the 46 year history of the 10 year treasury note.
This spike was probably because of comments by Fed Chairman Ben Bernanke that the Fed might buy longer term treasuries. [T]he Fed could purchase longer-term Treasury or agency securities on the open market in substantial quantities. This approach might influence the yields on these securities, thus helping to spur aggregate demand.
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