10 Year Treasury Yield Hits 3%!

Apparently the Fed cannot have its cake (taper) and eat it too (maintain its iron-fisted control over interest rates) as the 10 year treasury bond has just hit 3%- a 52 week high and up 20% from its October lows under 2.5%.

Is the Fed beginning to lose control of the bond market (along with the correlated $600 Trillion IRswaps derivatives market)?