Fannie Mae 30 year bond yield soars skywards!

Is QEII in the USA about to crash and burn? The jump in yield of the mortgage rate setting Fannie Mae 30 year bond seems to indicate things are going badly awry. Read the LA Times item from here. It is the mortgage debt in Ireland that now is the greatest threat to that nation's survival, officially not even being discussed at the Eurozone Ecofin meeting, read what I blogged and linked on that topic last week, from here. The UK is in the same boat as both Ireland and the USA yet the Coalition Government pretends no such worries or even concerns really exist. Oh Really!