With Quantitative Easing behind us as well as the Fed's first semi-annual congressional testimony and a couple of 2015 FOMC press releases, let's take another look at US Treasuries. The yields on the 10-, 20- and 30 year Treasuries had trended downward rather dramatically since the end of 2013. They hit their recent lows at the end of January. In fact, the 20- and 30-year yield hit record closing lows of 2.04% and 2.25%, respectively. The yield on the 10-year Note closed at 1.68%, substantially off its 3.04% close at the end of 2013 but above its 1.43% historic low in July of 2012.
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