Interest rates are on the rise for the foreseeable future. That's what current market sentiment is telling us. In mid-June the ten-year Treasury yielded 3.1%; today, 4.5%. While no one can predict interest rate trends, the weather or the staying power of Ben's and Jennifer's careers after Gigli, there are reasons to believe that rates are headed up―the economic recovery, an investor migration from fixed-income to equities, the weak dollar and huge new issues of Treasury debt.
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