10 Year Treasury Yield Nears 4%

While everyone seems to be watching for Dow 11,000, interest rates are making their own run to the 4% level.  As of this morning, 10-Year US Treasuries are trading just below that level with a yield of 3.95%.  While 4% is a nice round number, the more important level is probably 4.30%.  A break of that level would be more indicative of a meaningful uptick in rates.