When Will Interest Rates Head Up? - The Fed is keeping yields artificially low and shows no signs of changing course

摘要

THE QUESTION ON JUST ABOUT every bond investor's mind is simply this: When will interest rates rise? With rates on most types of debt near record lows, it seems that rates have nowhere to go but up. That would send bond prices down. And with yields at such depressed levels, the amount that investors stand to lose from a jump in rates has grown (the lower a bond's yield falls, the more it will lose in price from a rise in rates).