[GoIllini]

They've gone up by 30 basis points on the ten year in the past five days:

http://finance.yahoo.com/echarts?s=%5ET ... X;range=5d

It would be precipitous to call this an early sign of a panic over the August 2nd deadline on the debt ceiling, but it's very interesting to see this market action going on. The last time we saw a move this big in such a short time was in the tax-cut/unemployment benefit extension back in December.

[AgentR11]

Rates are artificially suppressed at the moment. As that suppression eases off, rates should go up. A 10yr yield should be a couple percent above inflation and expected inflation; and its no where near that right now.

Like trying to hold a balloon underwater. Eventually, it'll get loose and float up to where it belongs.