What's Going on in the Equity Markets?

Jonathan tim correctly points out that, at one and a half %, the tenure yield smack in the middle of this range. What is changing though? Just remember back when we got the announcement about the fieor bacsen in early november, and interest rates go from like 80 basis points to one 70 over five months. So it's not the level rates, it's the toad. It's a loss in liquidity that i think right now is biting the market a little bit. Karen: I don't know if anybody really thought it would be all the way up to three, three years,. even as an outer, outer bound, i don't think so.