The 10-year yield is stuck.
For the entire month of August, the bench mark Treasury's yield has pretty much stayed between 1.50 and 1.59 percent.
"It's very odd. There's a tremendous amount of nervousness and skepticism, but behind that is a lot of complacency, and everybody feels there's a central bank put," said Andrew Brenner, global head of emerging markets fixed income at National Alliance.
This is what it would take to break the range.