Yields are going nowhere fast on Tuesday with most fixed income prices fluctuating between minor gains and losses. Several regional markets are playing catch-up as domestic investors respond to yield curve shifts while their own markets were closed. Curiously yields are not rising in response to the gains made by equity markets as investors don rose-tinted spectacles at the start of the year. That's hardly surprising given the magnitude of the rise in yields during the last two months of 2010.
