Here's every move the 10-year Treasury yield has made since 1790

"The US 10-year Treasury yield fell to a 220-year low of 1.45% in July 2012," Bank of America Merrill Lynch's Michael Hartnett noted. "The bond has since flirted with that low but has yet to breach it." At 2.11% today, the 10-year yield continues to be historically low. "In the past 3 years the direction of Treasury yields has been buffeted by global deflation fears and US recovery hopes," Hartnett said noting recent swings. In a research note published Sunday, Hartnett offers this very long-ter...