We know it does not seem logical that rates should be going up with the Fed Funds rate decrease and in the midst of a declining stock market.  Yesterday we provided market commentary from Larry Baer that gave insight into what appears to be occuring in the bond markets.  This can be see on our website in the Market Analysis section in yesterday's post.  In addition to Larry Baer's insights from yesterday, it appears that long term bond investors are analyzing all of the government measures that have already been announced and are yet to be announced and getting skittish about the prospects for  lower prices / higher yields (rates) for bonds as the Treasury begins issuing new debt to support the bailout/rescue of the nation's financial system.  This new debt will need to be priced attractively to be absorbed and low bond prices translate into higher yields / (rates).