Questions About Rising Interest Rates

Although most of the focus has been on stocks lately, it is bonds that have arguably had the more interesting year. Interest rates (which we will use the 10-year treasury yield to represent) have been climbing rapidly, starting the year from about 0.9% to 1.52% today. This often neglected number is extremely important. It represents the cost of money. Where the 10-year rate sits influences the... READ MORE