The rate-indicative 10-year Treasury yield has risen notably above its recent trading range of about 3.9%, and as of midday Wednesday it remained above 4.1% despite the release of a report showing the first decline in consumer prices in 10 months, according to Yahoo! Finance."Fixed-income markets have again rebuffed sub-4.00% yields for 10-[year] notes, marking the fourth time in the past nine months that an attempted move to significantly lower rates has been rejected," said RBS Greenwich Capital researcher Ken Hackel. "The driving force behind the recent rise is noteworthy: rather than any specific piece of strong economic data, the catalyst seems to be a shift in positioning, with fewer trading accounts playing from the 'short' side."
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