Salient to Investors:
The yield gap between the 10-yr and 30-yr Treasuries is at the highest in a year.
Brian Edmonds at Cantor Fitzgerald said Treasuries are worried about inflation on the heels of open-ended stimulus.
Sean Murphy at Societe Generale said the Fed leaving its purchases open-ended and extending its guidance means a steeper yield curve. QE3 is alerting everyone that there is a long road in this recovery.