There has been some talk about the 10-year T-note in the business news, so I've updated this graph (here or here)  with some of the latest data:
The 10-year is basically where we'd expect it.
 I did change the weights to weigh the effective fed funds rate instead of for the 10-year T-note in the fit which gives a better description of recent data for both rates -- hence the observable difference in the curves. Basically, this is fit to the EFF and the same coefficients are used for the 10-year rate. Without this change we have this (not a huge difference):