The yield on the 10-year Treasury is getting perilously close to 3% again, so the Fed may soon...

|By:, SA News Editor

The yield on the 10-year Treasury is getting perilously close to 3% again, so the Fed may soon find itself in a pickle, Paul La Monica says. If it keeps rates low, the bond market is likely to interpret that as a sign the Fed is still worried about a weak recovery. But at some point, won't investors - especially big players such as China - tire of having money parked in bonds that yield a paltry 3%?