Market not showing much faith in Bernanke?

The Fed chief, in prepared testimony to the Senate Banking Committee ,announced low interest rates are still needed to bolster the economy. He repeated a pledge to keep them there for an “extended period.”

Bernanke downplayed the odds that the economy will slide back into a “double-dip” recession. But he acknowledged the economy is fragile.

In just minutes after Bernanke took the stage,  Ten Year Bonds took a nose dive along with US Stocks. I expect we will see a price improvement today on mortgage rates.

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