Need more frenzy food?

This guy thinks we’ll see the yield for 10-year-treasuries at 1.50% (and maybe lower).  Mortgage rates have run traditionally about 1.75% above the 10-Y yield:

In August, Komal Sri-Kumar predicted that yields on the U.S. 10-year Treasury note would fall below 2 percent within six months. The 10-year yield sits just above 1.8 percent, and he projects that U.S. bond yields will tank even more.

If the Federal Reserve decides not to raise interest rates in the near future, the U.S. 30-year Treasury yield will slide toward 2 percent while the 10-year will continue lower to about 1.5 percent, Sri-Kumar, president of Sri-Kumar Global Strategies, said Wednesday.

If the Fed decides to raise rates, Sri-Kumar believes the amount by which rates are hiked will determine reaction in both U.S. bond and equity markets. The federal funds rate jumping by a quarter of a point would not have a “significant” effect on U.S. Treasurys, he said.

He also contended that the Fed is more likely to resume quantitative easing by the end of 2015 than raising interest rates by June.