gold paper manipulation: cnbc interview ..., page-8

And what does that mean?

According to the Financial Times of London it means this:

"Stocks struggle as Treasury yields rise
Speculation builds for September Fed tapering"

Or if you prefer, that speculators are expecting the yield to go even higher and are positioning themselves accordingly.

By the way, since the Fed's declared inflation target is 2% annual inflation either as a upper limit (Hawks position) or as an average (doves position) the 2.9% yield still represents a real rate of interest (the one that matters) below 1%.

http://online.wsj.com/article/SB10001424127887323639704579014480270653534.html