Interest rates are heading higher. No, rates have been rising since August of 2012. However, the
psychological 3% rate on the 10-year Treasury Note is what everyone is focusing on today. Currently, the rate is at 2.93%. However, from following chart, one can discern that the 10-year rate reached its low last August. So, what can an investor expect going forward? Rates on all kinds of borrowings will go up, such as car loans, credit cards, home loans. Also, once that 3%
psychological level is penetrated, I expect stocks to suffer big time.
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