Ahead of the Tape
[Today's Market Forecast]</br></br>Sticky Situation</br></br>Ah, that sweltering feeling of the season. Moist palms, soaked-through shirts, sweating brows. Welcome to the bond market.</br></br>After an intense tryst with deflation, the bond market has grown wary about its love affair with falling prices during the past several days. Last week, the yield on the 10-year Treasury moved so low -- the lowest in 45 years -- that one of two scenarios seemed plausible: Either a nasty deflationary cycle was looming (good for Treasurys) or the bond market had turned Bubblicious (not).</br></br>As the herd focuses on whiffs of economic stirring, rather than on the nervous utterings of Fed Chief Sir Alan Greenspan, the stickier version of events seems more plausible. Yields on the 10-year, have risen smartly during the past two sessions. Given how richly priced bonds have become, it doesn't take much to rattle the market.