With all the speculation over financial reform swirling, JP Morgan may be wise to wait and see the new rules before raising the yield.

FORBES: Don't Look For A Big Dividend Hike From Dimon

Even the two-year, a pretty safe bet except in the most inflationary of times saw a decline in price, raising its yield to 1.83% from 1.60%.

FORBES: Market Scan

China is raising interest rates, though nowhere near as yield friendly as Brazil.

FORBES: Do Rising BRIC Interest Rates Mean Big EM Bond Gains?

But industry officials contend that the anticipated cuts will yield short-term savings while likely raising prices paid by the government in the long run.

WSJ: U.S. to Trim Commercial-Satellite Use

The immediate outlook for trading, capital-raising, merger deals and for the fees they yield to City firms is the worst it has arguably been for decades.

ECONOMIST: Britain��s financial industry

But the Federal Reserve had already started raising short-term interest rates, flattening the yield curve, the difference between short and long rates. (Since banks borrow short and lend long, their margins are higher when the curve is steep.) When this began eating into lenders' profits, they reacted by pushing subprime rates back up.

ECONOMIST: Mortgage lending

This puts it in stark contrast to, say, the Vanguard Dividend Appreciation ETF (VIG) , which has a low current yield but holds companies with a long history of raising their dividends.

FORBES: SDOG: A New Dog for an Old Trick

That is one of the ways in which increasing a tax rate can reduce the total tax yield, thereby defeating the whole supposed object of the tax-raising exercise.

CNN: SHARE THIS

However, with the strong gains already clocked by investors this year, some stock strategists were moving in the opposite direction, raising warning flags about the prospect for future gains on a day when demand for Treasurys rose, nudging the yield on the benchmark 10-year note down to 1.95%.

WSJ: Stocks Push Higher