The Wall Street Journal is out today with an article on the 10 year Treasury note. This is important to us LBO types, and anyone who does DCF valuations, because the 10 year note is what we use to determine the "riskless rate." (It's not really "riskless" but it's close enough for the moment).
It bothers me, of course, because it is a hint of higher interest rates to come. (That means higher payments on all that debt we have out there).
I like it because the yield curve is flattening out. Yum!