Constant maturity yields estimated by the Treasury Department (data here) today recover 9 basis points at the 20-year and 30-year maturity.
The volatility in asset prices is why one should always take event studies with a grain of salt, and especially the choice in window size. A lot of papers on Quantitative Easing effects (my area of research) use event studies. A couple of examples include Gagnon, Raskin, Remache, and Sack (2011) and Swanson (2011).
Here are the headlines on Bloomberg’s main webpage at the moment (3:12pm October 26, 2011).
Banks: No EU Deal Yet on Greece
Supercommittee Dems Said to Pitch $3T Plan
U.S. Stocks Advance as EU Bank Agreement
UAW Members at Chrysler Ratify Labor Contract
Apple May Gain as VA Seeks Device Security
Bove: Goldman May Get ‘Windfall’ If It Buys MF
Stanford Proposes NYC Engineering Campus
Aflac’s Third-Quarter Profit Advances 7.8%
Trader Kupersmith Indicted for $60M Fraud
Reference: Bloomberg [Bloomberg];
Joseph Gagnon & Matthew Raskin & Julie Remache & Brian Sack, 2011. "Large-scale asset purchases by the Federal Reserve: did they work?," Economic Policy Review, Federal Reserve Bank of New York, issue May, pages 41-59;
Eric T. Swanson, 2011. "Let’s twist again: a high-frequency event-study analysis of operation twist and its implications for QE2,"Working Paper Series 2011-08, Federal Reserve Bank of San Francisco.