The 10 yr Treasury reached its highest level (3.095%) since July 2011, edging out the end of December in 2013 (3.006%).
When you look at the long-term history of the 10 yr Treasury, however, the current value for the 10 yr Treasury looks low. I feel that too much is being made of the current value of the 10 yr Treasury. So far as I am concerned, 3.095% is even a low value for the 5 yr Treasury. You really have to go back before May 1957 to find lower numbers.
This doesn't mean there won't be a panic about rising rates as major investors like to do these sort of things.
* https://www.cnbc.com/quotes/?symbol=US10Y
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