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Reserve Fedderal Ben Bernanke Chairman stated that the explicit goal of politics, which he called 'credit easing', is to shoot the photo yields: Getty Images

10 Years - the prize money in the world and key rates mortgage United States driver reference - Treasury bonds yield has propelled to 3 3pc 35 basis points since President Barack Obama agreed Monday to compromise with the Senate Republican tax cuts.

The sell-off of the Treasury Board has ricocheted through the global system, triggering the binding Lac compromise in Asia, Europe and Latin America. Ministry of Finance of the Japan stiffened as seven-year debt prices jumped by a sixth in a negotiation, session while German bunds transpercés 3pc borrowings.

Agreement of the White House with the Congress renew for the rich and the poor for two years, Bush tax cuts, but also to add another a 2pc cut in social security contributions and an extension of unemployment aid.

David Bloom, currency Chief at HSBC, said that it was difficult to disentangle the investors are obligations because they expect U.S. stimulus for growth next year, or if they are losing patience with profligacy in Washington.

"If this is all about growth, it is brilliant." But if yields increase because people think of the Amirca financial situation is unsustainable, then its armaggedon, "he said."

"The United States able with impunity this only because it is the world reserve currency." It would be totally unacceptable in another country. "We believe that these problems will begin to crystallize in the United States in the second half of 2011, once the European debt crisis stabilized", he said.

The warnings were taken over by Li Daokui, a rate-setter of the Central Bank of China. "The focus of the market is still in Europe, but we must be aware that the U.S. financial situation is worse than in Europe," he said.

Tax U.S. deal adds 1 trillion stimulus over two years, according to BNP Paribas. Budget deficit will remain trapped near 10pc of GDP in 2011, but also in 2012. This will push gross government debt to GDP in the definition of the IMF, near from the edge of a spiral of debt 110pc. The contrast with the fiscal tightening in Europe became clearly apparent.

Both Moody and Fitch has warned that the United States must map a credible strategy to control costs. "We have long-term concerns about the prospects for U.S. rating and they are not yet addressed," said Stephen Hess, Chief U.S. analyst for Moody.

Stephen Lewis, Monument Securities, said that rout binding is a sign that Washington can no longer take on the world markets for granted. "We have reached the limits of tolerance for budget deficits." "There is a sense everywhere worldwide that anyone in Washington is paying no attention to the consequences of what they do, but there is a very real risk that this will backfire if it causes mortgage rates to persevere," he said.

"At the same time we have seen a loss of confidence in the u.s. Federal Reserve policy." "There is a sense that the Fed do care inflation--in fact, wants better - and which are certainly not in the interests of bondholders," he said.

The standard rates for 30-year mortgages to the United States moved in tandem with the Treasury yields. The rate was creeping place since the u.s. Federal Reserve reported all first plans for a fresh breath of quantitative easing, 85 points based on the rise in the three months.

Reduction of housing raised serious doubts in terms of the Federal Reserve to buy another $600bn QE2, to the Treasury in the coming months, as it is called. Chairman Ben Bernanke Fed said Sunday that the explicit aim of policy - what he calls "credit easing" - is to shoot down yields.

"We are going to print money." What we do is to lower interest rates by purchasing of Treasury securities. "And by the decline in interest rates, we hope to stimulate the economy to grow faster", he said.

Data on foreign assets of the consolidated revenue fund and the obligations of the US Agency published us with a delay, but monthly figures show that China has sold a net $24bn in September and Russia sold $with. There is concern that the US debt investor flight will be win monthly purchases of $raise by the Fed, makes it difficult for Washington raise the 1.4 trillion for the year next to cover the deficit.

Risk of becoming a case of a Central Bank yields rising lose control of long-term rates. The danger is that fears of future bond losses - it more default inflation premia - market will neutralize the stimulus or cause stagflation.

Tom Porcelli, RBC capital markets, said the Fed rate could be closer to 4pc now if the Fed had not acted. However, he did there was no justification for QE2 at a time when the economy is growing more than 2pc and - even though the lowest since the 1960s - core inflation is positive 1pc. "No one believes that we are slipping into deflation over." "This phase is passed,", he said.

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