Game over - getting ever closer to the crash

Treasury prices take a fall; Interest rates jump 

Treasurys fall, pushing yields to levels last seen in September; Fed buys $7.23B in bonds

On Friday November 12, 2010, 12:41 pm EST

NEW YORK (AP) -- Treasury prices are taking a plunge even after the Federal Reserve stepped into the market to buy government bonds.
The Fed bought its first batch of Treasurys on Friday since announcing its $600 billion plan to boost the economy last week. The central bank picked up $7.23 billion in Treasurys coming due between 2014 and 2016.
The Fed's Treasury purchases are supposed to drive down long-term interest rates over the long term. But Treasury prices dropped Friday, sending their yields sharply higher.
The yield on the 10-year Treasury jumped to 2.76 percent, the highest yield since Sept. 16. The two-year yield rose to 0.51 percent. It had hovered around 0.40 percent since late September.
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Comment: A mega crash has become inevitable. We're getting closer day by day, minute by minute. Bonds will crash first, taking the stock market and the dollar down with them.