By Colton Daines
(Sage Financial Services, Inc.)
Merrill Lynch is predicting Fed Funds to hit 1% and the yield on the 10-yr Treasury to get to 3.0% by the end of 2008. Are they the smartest guys in the room? I sure hope so… So far this morning things are pretty quiet with the 10-yr coming in at 3.60% and mortgages roughly unchanged from Friday afternoon.