Not that I really care about the Utah cycling laws, but here is what the law specifically says about staying to the right of the lane:
Quote:
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Bicyclists traveling less than the normal speed of traffic must ride as near as practicable to the right-hand edge of the roadway except to: pass; make a left turn; when there is a right-turn only lane; and to avoid hazards.
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I see nothing in there about yielding to upcoming traffic, regardless of their speed. Maybe its in the regular state vehicle code, but I doubt it.
http://health.utah.gov/vipp/pdf/Utahbicyclelaws.pdf
Edit: Note at the bottom of the link, taken directly from the Utah Driver Handbook