The Chart is 10 Year US Treasury Yield. The move in bond yields has been one of the surprise stories of 2014.
At the start of the year, everyone was selling bonds because of fear of rising rates but it seems the reverse has happened. Just look at the chart - how yields have declined YTD. Right now trading at 2.41%.
If economy is strengthening as Fed has indicated, why yields have declined? This is one puzzle which has confused everyone.
It's strange bond market does not react to good economic data and stock market does not react to bad economic data..Sab Golmaal Hai