I don't expect a major improvement in long rates for a while.

"Some of the backup in long rates we have seen reflects that."

But some analysts question whether long rates will indeed move lower.

For example, may consist of just and a the most recent changes in the short and long rates.

That is not good news for the economy, since these long rates have a big impact on the housing industry.

The market continues to be one in which short and long rates are very different species.

And few expect long rates to rise as much as short ones.

"I think long rates will come down quite a bit more, and that will help."

"You have the stock market reflecting the corporate profit outlook more than the long rates."

This would take some pressure off both short and long rates.