U.S. 10-Year yields at 2.11% are off their January lows (1.65%) due to fears that the Fed may increase rates in one of its next meetings. However, mixed economic data keep market rates low for the time being, keeping bond prices at high levels. Yields touched 3% about a year ago, before we see a resumption of their long-term downtrend down to 1.65%. The multi-year yield low of summer 2012 is 1.38%. QE programs around the world support government bond prices. In that respect, it is dangerous to fight the US yields long-term downtrend.
US 10-year bond yields (weekly):
