News
Bond Market Driving Rising Rates
May 15, 2015
Long-term interest rates are on the rise again and they may not be done yet. After 10-year treasuries spiked to match October levels last week, they rose above 2.3% on Tuesday – levels not seen since November. Business Insider took a look at some of the reasons, including the recovery in the labor market and a rebound in consumer spending leading to optimism among bond traders. The increase in economic growth expectations could be a sign that the rise will continue. All eyes will be on the Fed for any response or action on rates. [BI]
