It’s nothing new, but the endurance of the trend doesn’t dim the spectacle of the bond market resuming its preference for sending the yield on the benchmark 10-year Treasury Note lower. The decline is all the more striking coming in the wake of the Fed’s latest hike in interest rates on August 9. Since that day, the 10-year’s yield has slipped to roughly 4.25% on Friday from 4.40% when the central bank elevated the Fed funds rate rose by 25-basis-points to 3.50%.