10-Year Yield Rising

The upward trend of the long-term rate-indicative 10-year Treasury yield since the Federal Reserve's decision to cut short-term interest rates has returned it more than halfway to its pre-liquidity-crunch level.The benchmark yield had risen to about 4.63% as of midday Monday due to the continuing boost it has gotten from last week's Federal Open Market Committee rate-cutting decision, according to Yahoo! Finance. Previous to the credit crunch, the 10-year note was trading around 4.80% and had reached lows around 4.30%.